first time home buyer

First Time Home Buyer

Being a First Time Home Buyer may be closer than you think.

This is a great time to become a first home owner - The NSW State Government stamp duty concessions for the first time home buyer are to expire on December 31st 2011 for those buying established dwellings. Purchase before the deadline to save thousands in Stamp Duty tax.
Family support option available

At AMO, we realise taking the step of purchasing your first property is a great financial commitment, which can be complex and confusing. We are dedicated to making the process of being a First Time Home Buyeran easy and confident decision by helping you choose the right home loan.Tips in buying your first home. There are several elements to consider before you start looking for your first home.

What are the facilities in the area? For example, Shopping centers, medical centers, schools, and public transport.
What are the future plans for the area? Are there aircraft or road constructions within the near future? Are there any new shopping centers or schools being developed?
Compare features and prices of a house.

Tips in looking for a loan.Below are some questions that should be considered before applying for a home loan.

How much can you borrow?
What are your repayments?
Are you eligible for the First Home Owner Grant (FHOG) or any Government concessions? Can my Mortgage Manager apply for the FHOG on my behalf?
How long does the loan approval process take?
What are the costs associated with purchasing a home? For example, Stamp Duty, Pest and Building Inspections.

Please note: Information that is contained on the web site should be used as a guideline only. You should seek advice from professional financial, legal and real estate specialists before purchasing a property and/or applying for a loan.

First Time Home Buyers Articles

First Time Home Buyer Useful Information

Apply online

Now it is even easier to apply for a Home Loan. Apply online or download an application form. The application process will take approximately five to ten minutes.

AMO Calculators

AMO have developed free to use online calculators for your convenience to help you stay in control of your money. Select from the list of savings, tax and loan calculators.

First Home Owners Grant (FHOG)

In July 2000, the Federal Government launched the First Home Owner Grant (FHOG), which was designed to compensate those buying a home for the effects of the GST on home ownership.