Saving for a home is hard work, but don’t let it stand between you and your ability to break into the property market. The good news is that, if you meet the criteria, you can get a low or no deposit home loan. In this blog, we’ll talk you through everything you need to know about no deposit home loans.Continue reading
There are few options for those people who are looking to purchase an investment property with no deposit. This article is going to focus on one specific option: using the available equity in another property in place of a deposit. With some clever finance structuring, it’s possible to avoid the need for a cash deposit.
By Shane | Uncategorized
Property developers who construct apartments, townhouses and free standing homes often put their properties for sale before they are finished and even sometimes before they begin constructing the project. This type of sale is referred to as off-the-plan in which buyers can purchase their brand new home in advance.
Should you buy an established home or is buying off-the-plan a better idea? Perhaps, it’s one of the important considerations you’ll need when buying a property. While there’s an excitement of being the first person to live in the home with the privilege to choose your floor plan and colour schemes, there are also some common pitfalls that you have to be aware of if you intend to buy off-the-plan. There are many benefits in buying off-the-plan. However, first home buyers should also be aware of the possible risks that may arise.Continue reading
By Shane | Uncategorized
When you fall in love with a home, you may envision yourself living there forever. First time buyers are particularly vulnerable to this phenomenon. Lives change, however, and believe it or not, take a minute to think about who you were or where you were just 5 to 10 years ago. You may have switched jobs or even professions. Your family may have grown and your neighbourhood may no longer remind you of the place you moved into a decade ago.
This isn’t to say you shouldn’t think about the future when you consider buying your first home. It’s just a suggestion to approach the process knowing that it can be your starter home and it’s one step closer to buying your forever home.
By Shane | Uncategorized
If you’re buying or building your first home, you may be eligible for the First Home Owner Grant. The First Home Owner Grant scheme is completely funded by the Western Australian Government and managed by the Office of State Revenue.
First home owners purchasing or building a new home may be eligible to receive a grant up to $10,000. The First Home Owner Grant is not means tested. There is no income test. But if you or your partner have owned residential property before, you may not be eligible for the First Home Owner Grant.Continue reading
By Shane | Uncategorized
A new year is a time when a lot of people choose to reflect on their previous year and think about what they want to accomplish in the coming year. It brings so much excitement and promise. For many younger generations, getting into their first property is the most common goal. Whether your goal is to learn about the property market, save your first deposit, or buy your first home, Pearl Financial aims to help 100 Australian first home buyers, like you, to step into the property market within the next two years.Continue reading
By Shane | Uncategorized
Buying your first home is one of the most significant, exciting, (…and a little bit stressful) decisions you will make. Since it’s your first home, probabilities are you know very little about what needs to be done. Being unprepared in buying your first home can lead to unexpected costs and actually have you struggling to piece things together at the last minute. To help you take some of the stress out, here are seven things first home buyers need to know.Continue reading
A scenario that comes up frequently for homeowners is that after purchasing a home, and after a period of time paying down the loan combined with capital growth of their property, they develop equity in their home. Many of these people want to know how best to use their equity.Continue reading
By Shane | Uncategorized
Buying a house is exciting, but your bank account might not be as eager as you are. Considering that financial situation, a home loan would probably be the biggest financial commitment you’ll ever make. Know the things to consider when choosing your first home loan and how much of your savings you are willing to spend. Begin by preparing yourself in reality and determining the true costs.Continue reading
By Shane | Uncategorized
Buying a property is a big decision, both financially and emotionally. So it’s no wonder some people get a little bit scared. When you’re buying a house, there may be a lot to think about but it doesn’t need to be stressful. There are tips that can lead you in the right direction if you’re considering purchasing your first home.Continue reading