As the attendees of our First Home Buyers Seminar found out last week, it has never been a better time to be a First Home Buyer in Australia. With the Reserve Bank of Australia’s interest rate at its lowest in history, major banks have been passing on the discount to its customers with NAB’s Variable Home Loan rate currently at 2.84% p.a. They are also currently waving the base variable rate application fee for new applications, saving you another $600.
However, the biggest saving to date would have to be their new 33% discount for First Home Buyers on the Lenders Mortgage Insurance Cost. With the Government First Home Lenders Deposit Scheme currently used up, for a limited time NAB are now offering NEW First Home Buyer Customers a 33% discount off the Lenders Mortgage Insurance premium with their NAB Home Loan. If you can meet the normal lending criteria, but you can’t manage to save the full 20% home loan deposit, Lender Mortgage Insurance helps you acquire the loan. This discount could help you save around $2,200!
This is all on top of the normal savings. The First Home Buyers Grant gives all eligible First Home Buyers purchasing a new property, $10,000. And with stamp duty waived, that’s saving thousands of dollars. For example on a Brand New Home of $480,000 that’s roughly a saving of $17,000 in Stamp Duty. All together First Home Buyer are saving roughly $30,000!!!!!!
Now is the time to take advantage of these once in a lifetime offers and jump into the market. As a Wagga Builder for over 30 years you can trust in our experience to guide your through the process.To get started contact us today to find out how you can build your dream home or purchase one of our house & land packages. Click here or call a friendly member of our team on 6921 9988.