First house buyer’s loan is a home loan facility that is designed to facilitate low-earning people in buying their first home. This program was initiated in 2020 and has been an immense success. The Government has expanded this program for the year 2021-2022 and the vacancies will soon get fulfilled. Get in touch with us as soon as possible to benefit from this program.

Benefits:

With the help of the First Home Loan Deposit Scheme (FHLDS), you can easily buy your new home on reduced lender mortgage insurance. The deposit you have to pay will be significantly reduced and can range from between 5%-20% of the property’s value. 

It is important to know that the FHLDS is not a cash grant. Instead, it is a guarantee provided by the Government on the loan. 

With the help of this loan you can purchase the following properties:

• Pre-existing house, townhouse and apartment.
• Off-the-plan apartment or townhouse.
• A choice between land or a house
• A plot of land with a separate contract for the construction of the house

Keep in mind that you can’t buy any property you want. There are price caps or purchase restrictions on the loans as this scheme is designed to accommodate people with low incomes.

Moreover, there are eligibility criteria that you have to satisfy in order to qualify for first house buyers loans. Our experienced loan providers can help you to decide the home loan that will be best for your current situation.

Debt consolidation is the process by which you can pay off two or more debts by combining or consolidating them into a new one. This makes debt management easier and you can pay your obligations easily. Or so it seems. However, it is not always a better option to choose debt consolidation as the new loan will have different interest rates and fees. In some cases, you can end up paying more money by consolidating your debts. 

Although if you are currently engaged in multiple debts, then you can easily manage them by consolidating them all into a single organized debt. 

To receive the maximum benefits from debt consolidation, you should maintain a good credit score. The purpose of consolidation is also taken into account while consolidating the debts and is important to get you better terms. 

Our seasoned loan experts can guide you well in all loan matters and will provide professional counsel that will always be in your best interests. Acquire our services to find out if debt consolidation would be beneficial for you.

Refinancing existing loans means changing the terms of existing debt obligations. This can be done by taking a new loan that has different terms than your earlier loan. This practice is common in mortgage loans and is known as mortgage refinancing. 

Refinancing can result in lower interest rates and can make your mortgage payments easier.

If you are proceeding with loan refinancing then you should check if you can receive a better deal by observing the following actions:

Ask your current lender to provide you with a better deal:

Your lender might offer you a better deal if you tell them that you are going to switch to a different option as they would like to work with you over a long period of time

Save 20% equity of your property’s value:

Saving 20% value of the property you intend to buy can ensure that you get a better deal from your mortgage providers. 

Calculate switching charges:

Working out the costs of switching your mortgage can give you a good estimate of the benefits of loan refinancing. Add costs, fees and compare interest rates. 

Remember that you are refinancing to get a better deal. If the benefits are outweighed by drawbacks, then it is not advisable to choose a loan refinancing. 

Our experienced accountants can help you in choosing the best option that will save you money. There are many factors to take into account and many variables to consider that can have an impact on the potential benefits of loan refinancing. All of this can be confusing and that’s why you should acquire our consultation services.

Investment property loans are mortgages that people take to purchase investment properties. Investment property loan is a tricky matter as the investors have a high risk of defaulting than the owners. The interest rates on investment loans are relatively higher and the eligibility criteria are quite strict. 

Australians are not the only ones who can benefit from this facility. Non-residents can also buy an investment property if they have a minimum of 5% deposit in savings. Good credit history and assured employment also make it easier for lenders to give you property loans. 

At Agile Accounting Plus we can help you in obtaining investment property loans. We can guide you through the process and will also check if you are eligible to proceed with this investment method as not everyone is fit to receive property loans. In addition, we can also inform you about the ways by which you can reduce the Lender’s Mortgage Insurance. Saving up a 20% deposit of the property value might even waive the LMI altogether. Find out about how you can maximize your benefits regarding investment property loans. 

Once you receive the loan, we will guide you about the type of property that you should invest in.

Equity is the value of the home that you own. It is calculated by reducing any due mortgage amounts. Equity release allows you to access a portion of your equity. You can continue to live in your home and still benefit from this service for various needs such as medical emergencies, home modifications or living expenses. 

You can acquire equity in your home in these ways:

• Equity release settlement
• Home sale proceeds sharing
• Reverse mortgage

Keep in mind that your decision for equity release will affect all your family. It is important that you think this process through so that no problems arise in the future. 

Get in touch with Agile Accounting Plus to discuss equity release. We will assess your situation and after considerable analysis, we will tell you about all the options that are available to you. It could be that releasing home equity is not in your best interests but you don’t realize it. As professional consultants, we provide the best counsel and will find an approachable solution to this issue for you.