Members






Lost Password?
First Home Owners Print E-mail

 

 

 

First Home OwnersHome Loans for First Home buyers

For first home owners looking to take advantage of the increase in the First Home Owner Grant (FHOG) Ocean Blue is able to discuss with you the various loan types so you are able to make a well informed decision. No need to run from lender to lender, the hard work is done for you. Need up to 97% of property value for your new home loan to cover fees and stamp duties?

  • Principal & Interest 

  • Interest Only 

  • Lines of Credit

  • Portfolio Packages 

  • Fixed Rate Loans

  • Construction & Land

  • Loans including Honeymoon and discounted rates

  • Family Pledge home loan option

  • We can take care of the First Home Owner Grant (FHOG) paperwork

  • Our service to you is free - there is no fee payable by you to us to take advantage of what we do, as the lender automatically looks after this.

Shane Duff is also a JP (Commissioner of Declarations) so he is able to make the paperwork involved in obtaining your First Home Owner Grant that much easier.  As from January 2007, it became a First Home Owner Grant requirement that copies of ID supplied to support the application were certified by a JP or a Commissioner of Declarations, to prove that the copies were true copies of the originals.

The following original documents are required to support your First Home Owner Grant application.

  • Contract (for the home you want to purchase)
  • Marriage Certificate (if applicable)
  • ID totalling 100 points (eg. Licence + Birth Certificate + Medicare Card)

However, there are many things that a First Home buyer needs to understand before they jump into the biggest financial commitment they may ever make.  We can answer your questions, for example:

 

  • How much savings do I need to have for a deposit?
  • What if I don't have any savings but I have a good long term employment record?
  • Is it best to choose a loan that has the lowest interest rate?
  • How do I know if a fixed rate is better than a variable rate? 
  • I've heard of 97% finance loans, how do these work?
  • What is Lender's Mortgage Insurance and what can I do so that I don't have to pay it?
  • What are some ways to reduce my monthly payments?
  • What are some ways to reduce the total amount I pay for my home?
  • Do all first home buyers get a grant from the government?
  • How do I know if I qualify for $14,000 or $21,000 and how long do I have before the grant goes back to only $7,000?
  • Is there a way to safeguard my home if I buy my first home with my partner, but we're not married as I don't want to risk losing my half if things don't work out?
  • Is it better to buy a new home or an existing home?
  • I want to buy my first home but I don't want to live in it for a couple of years, do I still get the First Home Owner Grant?
  • I'm not an Australian citizen, can I still get the First Home Owner Grant?

If you'd like answers to some of these questions, please give us a call or drop us an email at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .

 

FAQs

Email us your Question

 

 

Before you make any big decision, you will have lots of questions.

Click on the links below to see if we can help you answer your question right now, or email us at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .

 

♦    12 Tips to Owning Your Home

 

♦    24 Tips to Owning Your Home Sooner

 

♦    Finance Terminology explained

 

        

Read more...
 

Interest Rates