Here’s how to get out of the rent trap and building your first home
If you’re a first homebuyer with no deposit or savings, then you’re probably thinking that you’ve no choice other than to stay stuck in the rent trap.
But with New Choice homes you do. We’re here to help you find the right loan so you can afford your perfect home.
So what’s stopping you? Get in contact to organise a free, no obligation discussion with a finance professional.
Enquire about Finance
Looking for a Finance Solution?
From low deposit home loan options, first home owner grants, government assistance and budgeting guidance, our in-house finance team can help find you the perfect home and best possible home loan tailored to your budget and personal situation.
We take the time to understand your needs and utilise our knowledge, experience, and strong relationships with Australia’s leading major banks and lending institutions to ensure we secure you the right finance solution, making the process as simple as possible.
To find out how we can get you into your new home quicker, fill out the form below and one of our consultants will contact you within 24 hours.
New Choice Homes’ In-House Finance Team
Our in-house finance team prides itself on offering a professional service that is second to none. Our service proposition is to create enduring relationships by listening, then providing finance solutions to suit. We will provide assistance on all your banking needs from the first appointment to settlement and beyond.
We offer a systemised and streamlined service to ensure that you don’t have to deal with any of the stress that is normally associated when organising finance to take out a new home loan. We strive to add value wherever possible, as we believe in the ‘Client for Life’ mentality.
Are your current loans getting a bit too hard to keep on top of and manage? Would it be easier for you to just roll all your current debts into one more manageable loan? Debt reconsolidation is something that a lot of people do to make things easier. Get in contact to see how we can help.
First Home Owners Grant
Building your own property as a first home buyer means your eligible for the $10,000 first home owners grant (FHOG) what this means is, as well as not having to pay stamp duty on land under $300,000 you also receive a $10,000 grant from the government to help you out with construction and establishment costs.
Keystart is a unique lender backed by the WA government who offer low deposit home loans. The benefits of securing a loan through Keystart include avoiding paying any lenders mortgage insurance, only needing a 2% deposit as opposed to the 5% generally needed by other lenders and you also only need to pay $50 per week until construction of your new home is complete. Keystart do have criteria you must meet to be eligible for a loan click below to find out more.
Bank vs Broker
If you need a home loan, there are 3 ways to go about it: apply with your bank directly, shop around for a deal yourself or get a mortgage broker to do it all for you.
The benefit to using an accredited broker is having more choice in products as Banks can only offer you their products and adhere to their lending policies meaning you’re potentially missing out on the savings that come with shopping around.
A broker, on the other hand, has a panel of lenders and many products to choose from so they will only apply with a lender that will likely approve your loan.
You’re saving time and hassle and can avoid getting unnecessary credit enquiries listed on your credit file when you apply for home loans that you don’t qualify for.