ACT’s Professional Advantage: Save $70,000+ in Australia’s Most Stable Market
The Australian Capital Territory offers first home buyers a unique combination of Australia's most stable employment market and strategic...
Property price declines and the upcoming First Home Loan Deposit Scheme have made it a little easier to afford your first property.
Investors Choice Mortgages provides a framework to show you how to turn your first property into an investment property within two years.
The traditional way to enter property investing is to buy a home for yourself and then wait until it grows in value and only then, consider buying an investment property.
But rentvesting revolutionises the concept.
Rentvensting is when you rent a property in the location where you want to live. Then, you buy an investment property in a more affordable location and take on a tenant.
You can use the income from the tenants to pay for the property you bought. So you get the best of both worlds, live where you want, and have a property growing in value to help you secure your future financial goals.
Over time, you build equity and save money until you’re ready to add to your portfolio (or buy a home).
The great thing about rentvesting is that it nets you an investment property while you still get to live where you want.
At Investors Choice Mortgages, we can help to find other ways to invest quickly.
Investors Choice Mortgages can help you get yourself setup to be in the fortunate position to qualify for this initiative. Make a time to discuss your options with our dedicated team today, just book a time here for your complimentary call https://calendly.com/icm-discovery-call/fhb
Thanks to the First Home Loan Deposit Scheme (FHLDS), more people will be able to afford their first property from January 2020.
And we can help you turn that property into an investment property and start building your portfolio.
The FHLDS will help you to avoid Lender’s Mortgage Insurance (LMI). This will already save you well over $10,000.
But there are other ways to save even more on property costs. Stamp duty is one such example.
Thankfully, several States offer stamp duty concessions that can save you thousands of dollars. On average saving an additional $12,000.
The combined savings means you may need less money than you thought to get into your first home.
Keeping as much money as possible in your pocket when you’re buying a property will help when it comes to making a mortgage application.
If you would like to learn more about the Grants and Concessions you can claim then download a copy of the “Australian Guide to First Home Buyers Grants” and details on the new scheme then download the Guide here http://firsthousebuyer.com.au/
In January 2020, we will see the implementation of the First Home Loan Deposit Scheme (FHLDS). That means that you will be able to buy your first home with a 5% deposit, and you won’t have to pay thousands in Lender’s Mortgage Insurance (LMI) to do it.
However, only 10% of first time home owners will be selected for the scheme every year. Also, there will be a cap on the maximum loan size.
You can start preparing to make your application for the grant today. Depending on the lender you will want to see at three to six months of savings to prove your deposit is genuine, however some lenders will allow you to count your paid rent towards that amount.
To be chosen as one of the lucky people, you must be able to show that you are a single person earning under $125,000 or a couple earning under $200,000 per year.
The government has not yet released all the pertinent information. Only 10,000 people will be able to get assistance, which is why you’ve got to start preparing now. You’ll face a lot of competition so it’s crucial that y
mortgage broker, home loans, property investment loans
ou stack up well. Investors Choice Mortgages can help you to prepare your application. If you would like a copy of the “Australian Guide to First Home Buyers Grants” and details on the new scheme then download the Guide here http://firsthousebuyer.com.au/
If you tried to buy your first home in the last few years, you know how difficult it has been.
Affordability has been an issue, and property prices have been through the roof – so to speak.
That’s not counting all of the costs of running the property…
But there’s good news.
There has been a steady decline in property markets this year, which has impacted on affordability. In fact, it’s back to where it was in 2016.
That means you can use the First Home Loan Deposit Scheme (FHLDS) could help you to get your foot in the door of property ownership. The scheme makes it easy for you as a first-time buyer to get your hands on a property.
Specifically, it will help them to buy with just a 5% deposit. Also, you don’t have to take out Lender’s Mortgage Insurance (LMI).
At Investors Choice Mortgages, we teach you how to get your first property faster and turn it into an investment property.
That means we’ll show you how to get into your first property in one year and out of it in two so that you have an investment property.
Investors Choice Mortgages can help you get yourself setup to be in the fortunate position to qualify for this initiative. Make a time to discuss your options with our dedicated team today, just book a time here for your complimentary call https://calendly.com/icm-discovery-call/fhb
If you would like a copy of the “Australian Guide to First Home Buyers Grants” and details on the new scheme then download the Guide here http://firsthousebuyer.com.au/
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The Australian Capital Territory offers first home buyers a unique combination of Australia's most stable employment market and strategic...
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