Services

First Home Buyers

Ready for your first home? Make sure you do everything right.

As a first home buyer, there is a lot for you to learn - both in terms of how lenders operate as well the assistance offered by NSW Government. At My Loan Pays Me, we specialise in working with first home buyers and guide them throughout the loan process.

But to start with, please study the following information available for first home buyers so that you know about your entitlements and responsibilities before lodging a loan application.

First Home Buyers Assistance Scheme

As a first home buyer in NSW, you may be eligible for a full or partial exemption on transfer duty (previously known as stamp duty) under the First Home Buyers Assistance Scheme. You can use the residential property buyer tool to find out the taxes and duties you may need to pay, as well as exemptions and grants that you are entitled to receive.

Requirements

To be eligible, you must be buying your first home in Australia and the property (including the land) must be valued at less than $800,000.

First home-owner grant (new home)

As a first home buyer in NSW, you may be eligible for $10,000 under the first home-owner grant (new home), in addition to the First Home Buyers Assistance Scheme benefits.


To be eligible:

  • you must be buying or building your first home
  • the home is new and no-one has lived in it
  • the property (including land) is valued at less than $750,000.

Once ready, just go to APPLY ONLINE and start your loan application.


For more information send us an email or contact us

DISCLAIMER

This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders' terms and conditions, fees and charges and eligibility criteria apply

Construction Loan

Building your own home? You need a construction loan to make your dream a reality.

Building your own home comes with two main requirements - a builder and a construction loan. Generally a Construction Loan has a different loan structure to home loans designed for people buying an existing home. One common feature found in Construction Loans is a progressive drawn-down i.e. you draw down the loan (or increase your borrowing) as needed to pay for the construction progress payments.

A construction loan will usually be interest only over the first 12 months and then revert to a standard principal and interest loan. If you are ready to start the process and have all the information available, please go to APPLY ONLINE and start your loan application.


For more information send us an email or contact us

DISCLAIMER

This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders' terms and conditions, fees and charges and eligibility criteria apply

Investment Loans

Found a property to rent out, or renovate and sell? You need an Investment Loan.

If you already have a mortgage for your own home, you'd be aware that there is a huge array of different products and options available for taking out an investment loan. Before choosing an investment loan, it’s important to consider the factors that could affect the type of loan you choose, including interest rates, fees, costs and other features. Our expert brokers will discuss your needs and circumstances with you and will recommend products that provide a flexible range of options and features.

You can look forward to your wealth creation strategy providing the results you want with the help of My Loan Pays Me to guide your decisions.

For more information send us an email or contact us

DISCLAIMER

This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders' terms and conditions, fees and charges and eligibility criteria apply

Home Loans

Buying a home is one of life’s major stepping stones, especially if it’s your first home. Therefore organising the right finance for this important event is crucial for the buyer.

Home loan interest rates are currently low, so it’s a great time to get yourself established in the property market. However, with so many different home loan products available, it can be time consuming and complicated to sort through all the information about the many different options.

There are lots of questions you need to think about, such as:

  • What sort of home loan is best for you? Home loans can offer fixed, flexible or variable rates or a combination of these options.
  • Will you be able to afford repayments if things change in the future? While interest rates are currently low, they are likely to increase at some stage, and you need to plan ahead for this.
  • Are there any hidden costs and/or monthly fees?
  • Does the loan offer convenient payment options?
  • Will you be able to easily make extra repayments if you want to, without any penalty?
  • Does your loan offer you flexibility? If there are changes in your circumstances, such as a period of unemployment or maternity leave, you may need to be able to put repayments on hold for a while or restructure the loan. Will your loan allow this?

These are just a few of the many things you need to consider, and the choices you make today can have a big impact on your financial situation tomorrow.


My Loan Pays Me has the answers for you. Our experienced and knowledgeable mortgage brokers will talk to you to determine your needs and preferences and will recommend home loan options to suit you and your circumstances. With their expert advice to guide you through the process of organising finance, you can look forward with confidence to settling in and enjoying life in your new home.

For more information send us an email or contact us

DISCLAIMER

This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders' terms and conditions, fees and charges and eligibility criteria apply

SMSF Loans

Want to buy a property using your Self Managed Super Fund?

An SMSF loan can be defined as a home loan used by a self-managed super fund (SMSF) to buy investment property. The returns on the investment – rental income or capital gains – are funnelled back into the super fund, increasing your retirement savings. However, investing in property within superannuation is not as straightforward as investing outside the superannuation. You need expert advice and guidance in how to structure it and know all about compliance requirements before you begin the loan process.

At My Loan Pays Me, we can help you understand the entire process and help you choose an SMSF loan most suited to your requirements.

For more information send us an email or contact us

DISCLAIMER

This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders' terms and conditions, fees and charges and eligibility criteria apply

Debt Consolidation

With the demands and stresses of everyday life, it can be easy to find that your debt situation has got out of control, especially if you’re juggling several different debts that all have different payment dates and interest rates. To get your debts back under control, it can really help to simplify things by having all your debts brought together, into what is called a debt consolidation loan.

My Loan Pays Me can help you consolidate your debts so that you have:

  • Just one loan, enabling you to set up a practical and manageable
    repayment plan
  • Just one monthly repayment to remember and plan ahead for
  • Just one interest rate
  • Just one lot of fees.

It’s much easier to focus on paying off a single debt, rather than a heap of smaller ones.

If your debt situation is getting you down, talk to our experienced brokers at My Loan Pays Me and we’ll be able to recommend the right debt consolidation strategy for you. You’ll find that with professional guidance, and your own focus and persistence, you will be able to make steady inroads into your debt and start working towards financial security. Let My Loan Pays Me help you get your finances under control and set you on a path towards fulfilling your financial goals.

For more information send us an email or contact us

DISCLAIMER

This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders' terms and conditions, fees and charges and eligibility criteria apply

Refinance

Our brokers will also take your future plans into consideration, as it’s never too soon to plan for the future to help develop and advance your financial strategy.

Things change, and new financial options are becoming available all the time. The loan that seemed perfect for you yesterday may not be a suitable option for you today. Therefore, you may want to consider refinancing, which is the process of switching from your existing loan to a different one for a variety of reasons. Perhaps you think you could do better with the interest rate or you might find something with better or more convenient terms and conditions.

Chances are that you’re right – with a bit of investigation you may well be able to get a product that will better suit your current needs. However, refinancing can be expensive, so you want to make sure that you are making the right decision for the longer term.

Our expert and knowledgeable brokers keep on top of the latest finance options on offer. They will be able to talk to you, discuss your needs, and help you decide on suitable options for your current circumstances. There are so many different types of loans available, so talking to My Loan Pays Me can save you a lot of time and effort.

For more information send us an email or contact us

DISCLAIMER

This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders' terms and conditions, fees and charges and eligibility criteria apply

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