Problems with interest rates and repayments? Ask for home loan help.
|
|
The conditions for approval of a mortgage to a first time borrower are basically the same as for any other borrower, namely repayment ability, equity, credit history and stability.
The difference lies in the assistance provided to help first home buyers. The Government provides assistance by way of the First Home Owners Grant and there are government sponsored lenders in most states to provide finance at more suitable terms for first home buyers.
This automated eligibility test will show if you qualify for the First Home Owners Grant.
|