PENRITH-LOANS, First Home Buyers Benefits

Are you interested in buying your first home? Excellent! There are some very exiting benefits available for first home buyers! But it can be tough saving for that dream so Penrith-Loans has made it easier for you with some great tips.

Also, read through these pages and find out how we help, how much you can borrow and all the ins and outs about the First Home Owners Grant. So, take that first step and find out how you could own your own home. Call us, we love to help.

HOW PENRITH-LOANS HELPS:
First Home Buyers often come to us with questions like:

Penrith-Loans has taken the hard work out of being a First Home Buyer by doing the work for you! We understand you don't want to sift through hundreds of home loan products, so let our people do that, using our unique "loan selection" software. Also, as mobile lenders we have the tools to check how much you can borrow. Also, we have created a quick reference guide to see if you are eligable. And finally, we can arrange the First Home Owners Grant application for you with the loan application.

What is included in the First Home Owners Benefits?
The First Home Owners Benefits includes a $7,000 grant from the federal governement and cossession of stamp duty (in most states) on the pruchase of your home. We also include a welcome pack.

How do I apply for the First Home Owners Benefits?
To apply for your First Home Benefits there is a FHOG application form. For the State or Territory benefits, there is separate forms. These are subject to change so please contact us for the most recent forms.

Am I eligable for the First Home Owners Benefits?
To qualify for the First Home Benefits there certain rules. See below for eligibility:

How much can I borrow?
To find out what your borrowing capacity is, all banks use their own "formula". Things like dependent children, other financial commitments etc are taken into account. You can get a general idea by using this calculator.

Which bank do I use?
With over 50 lenders in Australia to choose from and well over 1000 products (yes every lender easy has 20 products), this can be complicated. Because apart from products, many factors effect that decission.

That's where the experience of our staff comes in. Whether you are looking for a low rate, no fees, offset facility or a full feature loan with salaray crediting, cheque book and credit card, our mobile brokers have the tools to find you the right type of loan.

TIPS FOR FIRST HOME BUYERS
Coming soon. We at Penrith-Loans wanted to make it easier for people thinking of purchasing their first home. So we came up with a page of great tips and other helpful information.

ABOUT THE FIRST HOME OWNERS GRANT
The First Home Owner Grant (FHOG) scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership. It is a national scheme funded by the states and territories and administered under their own legislation. Under the scheme, a one-off grant of up to $7000 is payable to first home owners that satisfy all the eligibility criteria.

We operate in the following area's: Penrith, South Penrith, Emu Plains, Emu Heights, St Marys, Orchard Hills, Castlereagh, Glenmore Park, Mulgoa, Silverdale, Glenbrook, Cambridge Park, Cambridge Gardens, Jamison Park, Regenville, Cranebrook, Leonay, Blaxland, Kingswood, Werrington, Werrington Downs, Claremont Meadows, Wallacia, Luddenham, St Clair,

Main Office: 22 Butcherbird Place, Glenmore Park, NSW 2745, Australia
Phone: 1800 7loans (1800 756267) - Fax: (02) 8572 6087 - Email: erik@penrith-loans.com



	Home About_us 7 Loans Specials! Our Guarantee what our clients say ** Free resources calculators Investing contact us MFAA AIMB Property magazine FHOG NSW FHOG QLD Income tax OSR NSW OSR QLD	FIRST HOME BUYERS Benefits - Help - Great tips - Borrow - About FHOG Are you interested in buying your first home? Excellent! There are some very exiting benefits available for first home buyers! But it can be tough saving for that dream so Penrith-Loans has made it easier for you with some great tips. Also, read through these pages and find out how we help, how much you can borrow and all the ins and outs about the First Home Owners Grant. So, take that first step and find out how you could own your own home. Call us, we love to help. FIRST HOME OWNERS BENEFITS The First Home benefits come in 3 ways: Federal Goverment benefit The First Home Owners Grant ($7,000) is a Federal government initiative, introduced on 1 July 2000. more details State or Territory benefits Most states and territories offer additional help for First Home Buyers in the form of concession (or exemption) of stamp duty. For normal property purchases, the buyer pays stamp duty. This is a tax charged by state (or Territory) on the purchase price of a property. For First Home Buyers, this is reduced. Check this calculator to find out by how much. Penrith-Loans benefits On top of all of this, we at Penrith-Loans wanted to do something as well. Something that says "thank you" and helps you with your new mortgage. And so we have created a First Home Buyesr Starter package for all our new home purchasers full of resources and help on how to make the best of your new home & home loan. _______________________________________________________________top HOW PENRITH-LOANS HELPS: First Home Buyers often come to us with questions like: What is included in the FHOG (First Home Owners Grant)? How do I apply for the grant? Am I eligable for it? How much can I borrow? Which bank do I use? Penrith-Loans has taken the hard work out of being a First Home Buyer by doing the work for you! We understand you don't want to sift through hundreds of home loan products, so let our people do that, using our unique "loan selection" software. Also, as mobile lenders we have the tools to check how much you can borrow. Also, we have created a quick reference guide to see if you are eligable. And finally, we can arrange the First Home Owners Grant application for you with the loan application. What is included in the First Home Owners Benefits? The First Home Owners Benefits includes a $7,000 grant from the federal governement and cossession of stamp duty (in most states) on the pruchase of your home. We also include a welcome pack. _______________________________________________________________top How do I apply for the First Home Owners Benefits? To apply for your First Home Benefits there is a FHOG application form. For the State or Territory benefits, there is separate forms. These are subject to change so please contact us for the most recent forms. _______________________________________________________________top Am I eligable for the First Home Owners Benefits? To qualify for the First Home Benefits there certain rules. See below for eligibility: you are buying or building your first home as a natural person, not as a company or trust you, or a joint applicant, is an Australian citizen or a permanent resident of Australia you or your spouse (including de facto spouse) have not owned a home in Australia prior to 1 July 2000 (this includes investment homes) you or your spouse (including de facto spouse) have not resided in a residential property in Australia in which you acquired an interest, on or after 1 July 2000 for a continuous period of at least six months you occupy the home as your principal place of residence for a continuous period of at least six months commencing within one year of the completion of the transaction to which the application relates you are at least 18 years of age you have not already received a grant. If you think you are eligable or if you have questions, please call us , we'll be glad to help _______________________________________________________________top How much can I borrow? To find out what your borrowing capacity is, all banks use their own "formula". Things like dependent children, other financial commitments etc are taken into account. You can get a general idea by using this calculator. _______________________________________________________________top Which bank do I use? With over 50 lenders in Australia to choose from and well over 1000 products (yes every lender easy has 20 products), this can be complicated. Because apart from products, many factors effect that decission. Will the application be full doc or low doc? Which type of loan do you need? Fixed or variable rate Owner occupied or investment? That's where the experience of our staff comes in. Whether you are looking for a low rate, no fees, offset facility or a full feature loan with salaray crediting, cheque book and credit card, our mobile brokers have the tools to find you the right type of loan. _______________________________________________________________top TIPS FOR FIRST HOME BUYERS Coming soon. We at Penrith-Loans wanted to make it easier for people thinking of purchasing their first home. So we came up with a page of great tips and other helpful information. _______________________________________________________________top ABOUT THE FIRST HOME OWNERS GRANT The First Home Owner Grant (FHOG) scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership. It is a national scheme funded by the states and territories and administered under their own legislation. Under the scheme, a one-off grant of up to $7000 is payable to first home owners that satisfy all the eligibility criteria. Where to find us We operate in the following area's: Penrith, South Penrith, Emu Plains, Emu Heights, St Marys, Orchard Hills, Castlereagh, Glenmore Park, Mulgoa, Silverdale, Glenbrook, Cambridge Park, Cambridge Gardens, Jamison Park, Regenville, Cranebrook, Leonay, Blaxland, Kingswood, Werrington, Werrington Downs, Claremont Meadows, Wallacia, Luddenham, St Clair, Main Office: 22 Butcherbird Place, Glenmore Park, NSW 2745, Australia Phone: 1800 7loans (1800 756267) - Fax: (02) 8572 6087 - Email: erik@penrith-loans.com quick links 1st home buyers – refinance – investing – self employed – commercial – equipment finance – low doc – STF – house & land – developmenthouse & land - contact us