Buying your very first home can be daunting. Just the legal process that you need to go through to transfer the title can be complicated if not done right. At First Australian Financial Services, we will be there every step of the way with you. We've done this many, many times before over the years, and can help you past the pitfalls and towards the goal of being able to own your own home.

To help you start, we've assembled some resources that will help you. Please call us if you would like more help or information.

A combination of Federal & State Government funds are available as the First Home Owner’s Grant (FHOG) to assist individuals and couples to purchase their own home, provided they have not previously owned an owner/occupied property.  The amount of the Grant makes a significant contribution towards the funds you will need when purchasing your home.  As part of the Government's economic stimulus measures, the FHOG has been accelerated for the remainder of 2009 and reduces after 1 January 2010.

How much First Home Owner Grant may be available to you is summarised at the following link.

To understand how this helps you and for a detailed break down of how much you can borrow and how much deposit you will need – simply give us a call at First Australian Financial Services.  We're here to assist you.

A good question. Every lender is different but as a general rule of thumb, most lenders will offer owner-occupiers and investors up to 90% of the total purchase price. Some loans are designed to cover higher percentages, however these loans have become very expensive during the Global Credit Crisis and often come with limitations, higher interest and fees or additional conditions attached.  At First Australian, we'll organise the loan you need, at the cheapest possible cost.  We'll always make sure that you are aware of any important condition well before you sign.

The total amount you can borrow largely depends on your income and personal circumstances.  There are many "how much can I borrow" calculators available, but these are very limited and won't get you a loan approval.  At First Australian, we lend to an individual, or couple.  We're more interested in you than a simple mathematical formula.  If anyone can help you - we can.  So give us a ring - we're here to help you get into your new home, or investment.

A deposit is often seen as the biggest hurdle. While it's undeniably huge, the costs involved in buying and owning a home don't stop there.

A deposit is just one cost associated with buying a house. Others include:

• Loan application fees.
• Stamp duty.
• Legal costs.
• Insurance – including mortgage cover, home buildings and contents.
• Inspection fees – including building inspection, pest and termite inspections.
• Utility connections – water, electricity, gas, telephone.
• Council rates.

By setting realistic goals, cutting back on unnecessary costs and keeping to a budget, saving for your first home doesn't have to be an impossible task. First Australian Financial Services can help you to cross the bridge. Call us for an appointment.