Home Loan Professional Package And First Home Owners Grant plan
FHOGS: If you are in the market to buy your first home, you may be eligible for assistance from the NSW Government in the form of a first home buyers grant. This grant has recently been boosted by the Federal Government, making it a very attractive option for first home buyers.
The NSW government has totally financed this First Home Owner Grant Scheme (FHOGS) and managed by the office of State Revenue (OSR). The first home buyers who are ready to buy the first home are approved for a loan of $7000 as these people are helped by the scheme.
The first home owners who are entitled to get the grant despite of their income, the area where they are planning to build or buy the first home. There is no need to pay tax and this grant is not means tested.
The Australian Government publicized a First home owner boost in October 2008, which harmonizes the NSW Government, which sponsored First home Owner Grant Scheme. So based on this announcement from commonwealth:
First home buyers who purchase established homes will receive a boost of $7,000. These will double the first home buyers grant to $14,000.
First home buyers who have planned to build a new home or obtain a newly constructed home will get an extra $14,000. This will accumulate to $21,000 to first home buyers grant.
Home Loan Professional Packages: Like credit rating e.g. AAA, AA or A rating, a AAA credit rating means you have a superior credit profile. In an effort to attract people on higher incomes or those regarded as low-risk borrowers, lenders offer special loan deals known as professional packages to 'reward' these customers.
Once restricted to professionals such as lawyers and accountants, these packages are now available to a wide variety of purchasers with sufficient income or aggregate loan size.
Discounts of 0.2 to 0.7 per cent off lenders' standard variable interest rate and up to 0.25 per cent off fixed interest rates are offered by Professional package depending on the size of the loan.
These package offers will not help in saving rates discounts but also offers a variety of other discounts on accounts such as credit cards, transaction, margin loans and insurance.
Think about the favorable offers and non favorable things i.e., pros and cons of the professional package.
Pros of a Professional Package Home Loan are Fully featured account e.g. redraw, split loans, internet and phone banking, Interest rate discounts on the standard variable rate, You may be eligible for other benefits such as fee free transaction accounts and discounts on insurance products and Some Home Loan lenders also offer no establishment fees and no ongoing monthly fees on your loans.
The Disadvantages are an annual fee applies to this product
The NSW government has totally financed this First Home Owner Grant Scheme (FHOGS) and managed by the office of State Revenue (OSR). The first home buyers who are ready to buy the first home are approved for a loan of $7000 as these people are helped by the scheme.
The first home owners who are entitled to get the grant despite of their income, the area where they are planning to build or buy the first home. There is no need to pay tax and this grant is not means tested.
The Australian Government publicized a First home owner boost in October 2008, which harmonizes the NSW Government, which sponsored First home Owner Grant Scheme. So based on this announcement from commonwealth:
First home buyers who purchase established homes will receive a boost of $7,000. These will double the first home buyers grant to $14,000.
First home buyers who have planned to build a new home or obtain a newly constructed home will get an extra $14,000. This will accumulate to $21,000 to first home buyers grant.
Home Loan Professional Packages: Like credit rating e.g. AAA, AA or A rating, a AAA credit rating means you have a superior credit profile. In an effort to attract people on higher incomes or those regarded as low-risk borrowers, lenders offer special loan deals known as professional packages to 'reward' these customers.
Once restricted to professionals such as lawyers and accountants, these packages are now available to a wide variety of purchasers with sufficient income or aggregate loan size.
Discounts of 0.2 to 0.7 per cent off lenders' standard variable interest rate and up to 0.25 per cent off fixed interest rates are offered by Professional package depending on the size of the loan.
These package offers will not help in saving rates discounts but also offers a variety of other discounts on accounts such as credit cards, transaction, margin loans and insurance.
Think about the favorable offers and non favorable things i.e., pros and cons of the professional package.
Pros of a Professional Package Home Loan are Fully featured account e.g. redraw, split loans, internet and phone banking, Interest rate discounts on the standard variable rate, You may be eligible for other benefits such as fee free transaction accounts and discounts on insurance products and Some Home Loan lenders also offer no establishment fees and no ongoing monthly fees on your loans.
The Disadvantages are an annual fee applies to this product
About the Author:
Guy Baldwin is an executive of the website http://www.directmoneyhomeloans.com.au where you can get access to all leading lenders to get a best low ratesof home loan .You can also contact at 1300 882 432 and take their services free of charge.
posted by Debt Consolidation Loan at
7:27 AM
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