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Episode 3 - Maximizing Government Grants and Mortgage Solutions to Enter the Property Market
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Maximizing Government Grants and Mortgage Solutions to Enter the Property Market
Description: In this episode of Established Wealth, Tiffany and Toby guide you through the intricacies of utilizing government grants, schemes, and specialized lending solutions to expedite your entry into the property market and save money. Whether you're a first-time homebuyer or looking to invest in property, this episode is packed with valuable insights and practical advice.
Key Takeaways:
- Understanding Government Grants and Schemes: Toby kicks off the discussion by explaining the benefits of Stamp Duty exemptions and concessions across New South Wales, Victoria, and Queensland. Learn how to determine your eligibility and take advantage of these savings.
- First Home Buyer Grants: Tiffany provides details on the various First Home Buyer Grants available, including the $10,000 grants in New South Wales and Victoria, and the $15,000 grant in Queensland. Discover the criteria for qualifying properties and ensure you're eligible before applying.
- First Home Buyers Scheme: Toby discusses how the First Home Buyers Scheme facilitates home purchases with minimal deposits, allowing buyers to avoid Lender’s Mortgage Insurance (LMI).
- Shared Equity Scheme: Learn about the shared equity scheme where the government contributes to upfront costs and gains equity shares, reducing your mortgage repayments.
- Specialized Loan Solutions: Tiffany and Toby delve into specialty loans tailored for healthcare professionals, explaining the eligibility requirements and benefits of these unique options.
- Importance of Mortgage Brokers: Understand the crucial role of mortgage brokers in navigating the array of grants, schemes, and lender options. Discover how brokers can provide personalized solutions for your unique financial situation and contribute to your long-term financial health.
- Diverse Loan Structures: Explore various loan structures, including guarantor loans, family pledge loans, split equity loans, and specialized loans for farming, acreage land, commercial spaces, and bridging finance.
- Credit Scores and Financial Wellbeing: Toby and Tiffany emphasize the importance of maintaining a good credit score. Gain tips on improving your credit score and managing debt responsibly to enhance your financial wellbeing.
Join Tiffany and Toby as they provide expert advice on maximizing government grants and exploring specialized mortgage solutions to help you enter the property market confidently. This episode is a must-listen for anyone looking to make informed decisions and achieve financial freedom through property investment.
Contact Us
Website - www.establishwealth.com
Email - toby@establishwealth.com.au & tiffany@establishwealth.com.au
Instagram - Toby_MortgageBroker & Tiffany_MortgageBroker
Download E-Book - https://establishwealth.com.au/ols/products/establish-wealth-e-book
Debt Helpline - 1800 007 007
Australian Credit Licence :389087 AFG
ASIC Authorised Credit Repersentive Number: 559315
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