Home loans in Hobart

While Hobart's housing market is strong, housing affordability has actually improved throughout 2006. Therefore, this improved housing affordability provides the perfect opportunity for new home buyers in Hobart to get into the property market before house prices rise further. Here are some tips for first home buyers in Hobart on home loans and the First home Owners Grant.

DOMDocument::loadXML(): Start tag expected, '<' not found in Entity, line: 2

Looking for a great value home loan with super fast approval?

Get Pre-Approval online & get a response in minutes with MyRate.

Shop around for the right Hobart home loan

After you have found your new home in Hobart, you need to decide on the right home loan. There are plenty of home loan options available to new home buyers in Hobart from both the traditional banks and non bank home lenders. Do your research first. You can compare the different home loans by checking out each lender's website. You can also find out more about the various home loan options and finding out which home loan may be best for you by taking a look around our website.

Get professional help choosing the right loan

As a new home buyer, you may not have much experience when it comes to picking the right home loan in Hobart. There are so many different types of loans with different features that it can all become very confusing. Many features may not be appropriate or necessary for your situation and so you could end up paying for features that you do not use. This is where a professional Hobart mortgage broker can help you find the best home loan option for you. If you decide to seek the help of a Hobart mortgage broker, make sure that they offer home loans from a wide range of lenders. If they only deal with a few lenders, then they may not be able to get you the best deal. Remember too, mortgage brokers will generally receive a commission from the lender that you eventually choose. This is not necessarily a problem, though it is something that you should bear in mind. Ask the mortgage broker about the commission they will receive.

Find out more information about mortgage brokers

The First Home Owners Grant

If you are buying your first home, then you may be entitled to the Federal Government's First Home Owners Grant of a one off payment of $7,000. Your home loan provider will usually help you apply for the First Home Owners Grant at the same time that you apply for your home loan in Hobart. To qualify for the First Home Owners Grant, home buyers buying or building their first home must:

be at least 18 years of age, be Australian citizens or permanent residents
not have owned a home prior to 1 July 2000 (including spouse or partner), either jointly, separately or with some other person, or purchased a home on or after 1 July 2000 and occupied that home.
use the property as their principal place of residence and occupy it for a continuous period of 6 months starting within 12 months of purchase or completion of construction.

For more information on the First Home Owners Grant for Hobart home buyers, check the Tasmanian Government's Department of Treasury and Finance website at http://www.treasury.tas.gov.au

DOMDocument::loadXML(): Start tag expected, '<' not found in Entity, line: 2

Digg this Post page to del.icio.us Post page to Furl

Home Loan Info.com.au

Home Loans Australia

Refinancing Information

Home Loan Information

Mortgage Broker Information

Featured Home Loan Information

Is a 100% home loan a good thing for you?

There are a number of things to consider before you take out a 100% or 105% home loan. Borrowing 100% or 105% of the homes value can be a great way to get in your first home. But there is a downside, generally the interest rate is considerably higher than what it would be if you had a larger deposit. Here we look at 100% and 105% home loans and how they can benefit you and also some of the pitfalls of taking out such a loan.

Home loans Perth Reviewed

With house prices on the increase in Perth and other boom towns in Western Australia, it's important to find the cheapest home loan possible. Here we provide some tips on getting the cheapest home loan in Perth.

How to become a mortgage broker

So, you want to become a mortgage broker. Before you can start, there are some requirements you will need to meet. Here we provide information on how to start your career as a mortgage broker including mortgage broker training requirements, courses available and ASIC requirements.

Choosing between a fixed rate or variable rate home loan

There are many options available to you when taking out a home loan these days. One of the first decisions you will need to make is whether to choose a fixed rate home loan or a variable rate home loan. Here we look at each interest rate option including the advantages and disadvantages of each.

Introductory home loans offer highly competitive interest rates - But whats the catch?

With the intense competition in Australia's home loan market today, home mortgage lenders are working harder and harder to capture our attention in order to win our business. One of the ways in which mortgage lenders attract our attention is by offering introductory loans with low interest rates for a period of usually between three and 12 months. Here we take a look at the introductory home loan detailing the benefits & pit falls of such an offer.