BKW PTY LTD | Mortgage brokers

BKW PTY LTD

Phone: +61 478 700 370

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18.01.2022 Kids being kids....

09.01.2022 It's so great to have solutions for people. 7 customers with all different financial circumstances and A1 Finance was able to help them all achieve their dreams. Such a great feeling!

03.01.2022 Today, the National Housing Finance and Investment Corporation (NHFIC) will release 10,000 First Home Loan Deposit Scheme places to our participating lender panel for the 2020-21 financial year. Please find below key information regarding the new Scheme places. General About the Scheme The First Home Loan Deposit Scheme is an Australian Government initiative to support eligible first home buyers purchase their first home sooner. Usually, first home buyers with less than... a 20 per cent deposit need to pay lenders mortgage insurance. Under the Scheme, eligible first home buyers can purchase a modest home with a deposit with as little as 5 per cent (lenders criteria also apply). This is because the Australian Government guarantees to a participating lender up to 15 percent of the value of the property purchased that is financed by an eligible first home buyer’s home loan. There are currently 27 participating lenders across Australia offering places under the First Home Loan Deposit Scheme. 44% of applications for the 2019-20 financial year were made through mortgage brokers. 2020-21 FHLDS Scheme places NHFIC will release another 10,000 Scheme places to NHFIC’s participating lender panel for the 2020-21 financial year from 1 July 2020. Eligible borrowers must have a taxable income of no more than $125,000 for individual applicants and no more than $200,000 for couple applicants. Taxable income is assessed using the Notice of Assessment from the previous financial year as evidence of taxable income. From 1 July 2020, applicants need to provide their Notice of Assessment for the 2019-20 financial year, ending 30 June 2020. Borrowers are encouraged to organise their tax return for the 2019-20 financial year as soon as possible after 1 July. First home buyers applying for a Scheme place for a land and separate build contract now have up to six months to enter into an eligible building contract.