First Home Owners Grant System And Home Loan Professional Package
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.
Regardless of their income, and the area where they are preparing to buy or build or the first home valuation, the first home owners are qualified to receive the grant. This grant is not earnings tested and no need to pay tax 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:
First home buyers who are going to buy homes which are already established will receive a boost of $7,000 and it gets doubled to the first home buyers grant to $14,000.
First home buyers who build a new home or purchase a newly constructed home will receive an extra $14,000. This will take their first home buyers grant to $21,000.
Home Loan Professional Packages: Like credit rating e.g. AAA, AA or A rating, a AAA credit rating means you have a superior credit profile. In an effort to attract people on higher incomes or those regarded as low-risk borrowers, lenders offer special loan deals known as professional packages to 'reward' these customers.
These packages are offered to a large range of purchasers with adequate income or collective loan size not like a long time ago where it was available to professionals like lawyers and accountants.
Depending on the size of the loan a Professional Package generally offer 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.
Not only will you save on the rates discounts but a Professional Package also offers a range of other discounts on accounts such as credit cards, transaction, margin loans and insurance.
Think about the favorable offers and non favorable things i.e., pros and cons of the professional package.
Professional Package Home Loan Pros are Fully featured account e.g. redraw, split loans, internet and phone banking, Interest rate discounts on the standard variable rate, Entitled to the benefits of fee free transaction accounts and insurance product discounts and No establishment fees and no ongoing monthly fees on your loans.
Professional Package Home Loan Cons 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.
Regardless of their income, and the area where they are preparing to buy or build or the first home valuation, the first home owners are qualified to receive the grant. This grant is not earnings tested and no need to pay tax 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:
First home buyers who are going to buy homes which are already established will receive a boost of $7,000 and it gets doubled to the first home buyers grant to $14,000.
First home buyers who build a new home or purchase a newly constructed home will receive an extra $14,000. This will take their first home buyers grant to $21,000.
Home Loan Professional Packages: Like credit rating e.g. AAA, AA or A rating, a AAA credit rating means you have a superior credit profile. In an effort to attract people on higher incomes or those regarded as low-risk borrowers, lenders offer special loan deals known as professional packages to 'reward' these customers.
These packages are offered to a large range of purchasers with adequate income or collective loan size not like a long time ago where it was available to professionals like lawyers and accountants.
Depending on the size of the loan a Professional Package generally offer 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.
Not only will you save on the rates discounts but a Professional Package also offers a range of other discounts on accounts such as credit cards, transaction, margin loans and insurance.
Think about the favorable offers and non favorable things i.e., pros and cons of the professional package.
Professional Package Home Loan Pros are Fully featured account e.g. redraw, split loans, internet and phone banking, Interest rate discounts on the standard variable rate, Entitled to the benefits of fee free transaction accounts and insurance product discounts and No establishment fees and no ongoing monthly fees on your loans.
Professional Package Home Loan Cons 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
7:29 AM
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