Home Loan Professional Package And First Home Owners Grant plan
FHOGS: First home buyers grant is given by NSW government to those who are eligible to buy first home in the market. The federal government has improvised this buyer's grant in recent times to give an attractive selection for all the first home buyers.
The First Home Owner Grant Scheme (FHOGS) is fully funded by the NSW Government and administered by the Office of State Revenue (OSR). The Scheme was established to assist first home buyers to purchase their first home by offering a $7000 grant.
Eligible first home owners can receive the grant regardless of their income, the area in which they are planning to buy or build, or the value of their first home. The grant is not means tested and no tax is payable on it.
The Australian Government announced a First Home Owner Boost in October 2008, which supplements the NSW Government, funded First Home Owner Grant Scheme. According to the announcement from the Commonwealth:
A boost of $7,000 is given to the first home buyers who are buying the established homes. A grant of $14,000 grant is doubled to first home buyers grant.
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: You have a Superior credit profile is nothing but a credit rating like AA, A, or AAA credit rating. Lenders offer special loan deals to catch the attention of people on higher incomes or those who are low-risk borrowers. These special loans are known as professional packages as a gift to 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.
You can save on the rates discounts and also the professional package presents a range of other cut rates on financial records such as credit cards, transaction, margin loans and insurance.
Consider the following pros and cons before you decide on a professional package with your home loan:
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 First Home Owner Grant Scheme (FHOGS) is fully funded by the NSW Government and administered by the Office of State Revenue (OSR). The Scheme was established to assist first home buyers to purchase their first home by offering a $7000 grant.
Eligible first home owners can receive the grant regardless of their income, the area in which they are planning to buy or build, or the value of their first home. The grant is not means tested and no tax is payable on it.
The Australian Government announced a First Home Owner Boost in October 2008, which supplements the NSW Government, funded First Home Owner Grant Scheme. According to the announcement from the Commonwealth:
A boost of $7,000 is given to the first home buyers who are buying the established homes. A grant of $14,000 grant is doubled to first home buyers grant.
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: You have a Superior credit profile is nothing but a credit rating like AA, A, or AAA credit rating. Lenders offer special loan deals to catch the attention of people on higher incomes or those who are low-risk borrowers. These special loans are known as professional packages as a gift to 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.
You can save on the rates discounts and also the professional package presents a range of other cut rates on financial records such as credit cards, transaction, margin loans and insurance.
Consider the following pros and cons before you decide on a professional package with your home loan:
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
7:50 AM
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