Tag Archives: mortgage

First Home Buyers Grant: How It Works with Home Mortgage in Perth


Thinking of building a home here in Perth but haven’t saved enough yet to qualify for a mortgage? The good news is that with Western Australia’s First Home Buyers Grant (FHOG), you can start building your home sooner than you think. Currently capped at $10,000, the FHOG can go a long way towards helping you pay for a home loan deposit, which is generally set at 5% of the total home loan. Note that only one grant is available per contract regardless of how many individuals own the property.
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More than the Mortgage: The Costs First Home Buyers Must be Aware of


Buying or building a home for the first time can be exciting, especially when you’ve found a great location. Perth, for instance, offers nice residential prospects thanks to its pleasant Mediterranean climate and a thriving central business district (CBD). At any rate, first home buyers must keep in mind that owning a home entails many considerations. Financing is undoubtedly the foremost of these concerns.

Mortgage payments are important to think about, but the costs of home ownership go beyond the monthly fees. Some people, especially those who are buying a home for the first time, make the mistake of thinking that they have nothing to worry about as long as they can afford the recurring payments. To avoid any snags down the line, be sure to keep in mind these other home ownership costs.
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