Zero Deposit Home Loans
Home Ownership – they call it the Great Australian Dream.
It’s defined our society. It reflects achievement, and it provides a vital asset for thousands of Australian families.
We all look for a sense of belonging and security for our family. A place that makes life’s memories and stores our treasures.
A place we can call our home!
The fact is, apart from the many social and emotional benefits, your family home builds you equity over time, building a foundation for financial independent in those later years.
Welcome to the Zero Deposit First Homes concept.
You know, there’s never been a better time to buy your first home.
So let us show you:
- How we can help you take advantage of the all-time low in interest rates.
- Who qualifies for the “First Home Buyers Grant”?
- How you apply for a Zero Deposit First Home.
So why should you own your own home?
There’s certainly nothing wrong with renting as a means to an end.
All rates, maintenance and insurance are all taken care of by the landlord, mind you, the landlord does receive substantial tax concessions for this.
The fact is, your rent money is dead money – paying off the landlords mortgage, not yours.
Rent $400/week for 15 years = $312,000 of dead money.
And in doing so, not one cent of the equity in the home that you’re living in, is attributed to you.
With your new home, you start paying off your own mortgage, over time, this equity becomes gold, leveraging borrowing power, you could even start a property portfolio, should you choose to do so,
Then you’ll have tenants paying off your mortgage, while you receive the tax benefits.
Should I save my deposit first?
Should I save my deposit first?
That’s certainly one option – however, let’s take a look at one of our recent case studies.
John and Jenny have been renting a home for the last 18 months, paying $315 per week.
That is a $27,300 contribution to the landlords mortgage each year.
A house and land package nearby is $380,000 and the 10% deposit equates to $38,000.
John and Jenny decide that they can afford to put an additional $100 per week, towards the deposit.
Now depending on where you live in Australia, even using the example of a $15,000 first home buyers grant, it will still take over 4.5 years to save for the deposit.
By that time, they’ll have given their landlord another $72,500 – that’s almost twice their deposit.
In the meantime, the house and land package they were looking at, would have increased by around 7% per year, bringing the total package to $515,550 – the new deposit is now $51,550.
But there is another downside.
Their preferred subdivision is now built out, and there is no affordable house and land package nearby, to match their budget.
If John and Jenny want to get off the rental merry-go-round, they need to act now – access the all-time low interest rates, the first home buyers grant and the affordable house and land package on offer.
The First Home Buyers Grant
You need to act now, before you miss out.
In Australia, we’re spoilt for choice, as project home builders and land developers, team up, to provide affordable house packages.
Each state government recognises the importance of home ownership, by providing a First Home Buyers Grant, to first home buyers.
But like all government incentives, we’re not sure how long this incentive will remain.
You need to act now.
So how do I qualify for the First Home Buyers Grant.
The qualification requirements for the First Home Buyers Grant are simple.
If you’re
- over 18 years of age,
- an Australian citizen or permanent resident;
- you and your spouse, have not previously owned property in Australia, and
- your’re building, or buying a home valued at less than $750,000.
then, you’re well on your way to home ownership and can apply for a pre-approval.
The team from Zero Deposit First Homes, words with leading builders, developers and financial institutions.
It also assists you to secure the right finance package and will even provide you with a contribution towards your deposit. Unlike other companies, the contribution is not a loan, it’s our gift to you, and does not need to be paid back.
So, what else do you need to do to get started.
Ideally
1 – A good rental history of at least 6 months, this shows an ability to service a loan proportional to your rent;
2 – a savings record with a bank. It doesn’t matter how much. It’s the commitment you make each month that counts.
3 – Bone fide employment – a letter, payslip or group certificate from your employer
Even if you’ve had difficulties securing a mortgage in the past, we know situations can change and the team from Zero Deposit First Homes will work tirelessly to see if you can finally kiss your landlord goodbye.
Kev Morris Builder and Zero Deposit First Homes
Kev Morris Builder and Independent Builders are proud to announce our relationship with Zero Deposit First Homes.
The Zero Deposit First Homes – Kev Morris Builder – Independent Builders partnership, has been developed to assist those first home buyers wishing to enter the market, but who struggle to.
If you’re trying to buy your first home, but the banks won’t talk to you because you don’t have the deposit, our zero deposit offer may be your answer!
Choose from our “Zero Deposit” house plans
We currently have a range of affordable “Zero Deposit” plans and house and land packages in selected areas.
Each House and Land package will have its own bank valuation, and you don’t have to pay a cent more, than the value indicates.
As no real estate agent is being used, the commission normally paid to the agent for such a sale, is used to assist you.
Now, with your pre-approved loan, we can help you choose the package to suit your preferred location and budget.
For More Information
For more information on Zero Deposit Home Loans, please download a brochure