Debt Consolidation Credit Counseling In Phoenix

FHOGS: If you are in the market to buy your first home, you may be eligible for assistance from the NSW Government in the form of a first home buyers grant. This grant has recently been boosted by the Federal Government, making it a very attractive option for first home buyers.

The First Home Owner Grant Scheme(FHOGS) is totally sponsored by the HSW Government and supervised by the Office of State Revenue(OSR),. The first home buyers are assisted by this scheme which was established to buy their first home with a grant of $7000.

Eligible first home owners can receive the grant regardless of their income, the area in which they are planning to buy or build, or the value of their first home. The grant is not means tested and no tax is payable on it.

In October 2008, the Australian Government proclaimed a First Home Owner Boost which complements the NSW Government, financed First Home Owner Grant Scheme.In regard to the declaration from the Commonwealth:

A boost of $7,000 is given to the first home buyers who are buying the established homes. A grant of $14,000 grant is doubled to first home buyers grant.

First home buyers who build a new home or purchase a newly constructed home will receive an extra $14,000. This will take their first home buyers grant to $21,000.

Home Loan Professional Packages: You have a Superior credit profile is nothing but a credit rating like AA, A, or AAA credit rating. Lenders offer special loan deals to catch the attention of people on higher incomes or those who are low-risk borrowers. These special loans are known as professional packages as a gift to these customers.

These packages are offered to a large range of purchasers with adequate income or collective loan size not like a long time ago where it was available to professionals like lawyers and accountants.

Discounts of 0.2 to 0.7 per cent off lenders' standard variable interest rate and up to 0.25 per cent off fixed interest rates are offered by Professional package depending on the size of the loan.

Not only will you save on the rates discounts but a Professional Package also offers a range of other discounts on accounts such as credit cards, transaction, margin loans and insurance.

Consider the following pros and cons before you decide on a professional package with your home loan:

Professional Package Home Loan Pros are Fully featured account e.g. redraw, split loans, internet and phone banking, Interest rate discounts on the standard variable rate, Entitled to the benefits of fee free transaction accounts and insurance product discounts and No establishment fees and no ongoing monthly fees on your loans.

The Disadvantages are an annual fee applies to this product