First Home Buyers
Buying your first home is massive, it's exciting but also it can be overwhelming as there is lots to think about and do. Here at Omega Finance we are here to help with the endless questions and options available for you to finance that exciting purchase. And the big question is always "How much can we borrow ? " followed quickly by "How much will we be repaying ?" Now that's where we come in. Check out our range of calculators and see for yourself what you can afford. Use our helpful Budget Planner to work out your total living costs including travel, nights out on the town, loans and insurances etc. and check out what's left to ensure you will not be living on bread and water ! Click below to access our calculators:
Depending on your deposit, we will explain in straightforward language about Lenders Mortgage Insurance (LMI) which may be payable if you have a deposit of less than 20% of the purchase price to put down. This is normally compulsory but can be avoided all together if you have a parent willing to offer their home as additional security. Here's where we will sit down and ensure everybody is on the same page, but this could save you thousands.
We'll explain about the First Home Owner Grant (FHOG) and whether you're eligible for a government grant and if you are, then we'll help complete the necessary paperwork to ensure this is all taken care of for you.
You may also be eligible for a significant reduction on your Stamp Duty which varies from state to state and can be as much as a 40% discount off eligible property purchases. Take a look under our Resources tab for links to the appropriate government State Revenue Office websites and check with your lawyers for your entitlements.
If you want to be sure that you can borrow what you want, then let us organise a pre-approval for you so you can be confident when buying at auction. Not all pre- approvals are the same though, so talk to us to get the right one for you.
Through our links to RP Data who are a leading source of Australian property data, we can help you secure that property and provide detailed property reports that give you a good handle on how your proposed property compares to others that sold recently, what else is on the market, and it's own history. This information is invaluable when about to negotiate and clinch a sale.
Finally, we'll explain the whole home buying process and be there with you throughout this exciting time.
We'll explain about the First Home Owner Grant (FHOG) and whether you're eligible for a government grant and if you are, then we'll help complete the necessary paperwork to ensure this is all taken care of for you.
You may also be eligible for a significant reduction on your Stamp Duty which varies from state to state and can be as much as a 40% discount off eligible property purchases. Take a look under our Resources tab for links to the appropriate government State Revenue Office websites and check with your lawyers for your entitlements.
If you want to be sure that you can borrow what you want, then let us organise a pre-approval for you so you can be confident when buying at auction. Not all pre- approvals are the same though, so talk to us to get the right one for you.
Through our links to RP Data who are a leading source of Australian property data, we can help you secure that property and provide detailed property reports that give you a good handle on how your proposed property compares to others that sold recently, what else is on the market, and it's own history. This information is invaluable when about to negotiate and clinch a sale.
Finally, we'll explain the whole home buying process and be there with you throughout this exciting time.
