Cashbox

Buying your first home doesn’t have to be complicated.

We’ll take the unnecessary hassle out of choosing the correct loan

for your situation and deal with your application quickly and efficiently.

So buying your first home is what it should be – exciting.

Talk to a Cashbox Finance Home Loan Expert today.

First Home Buyers Guide

info@cashboxfinance.com.au www.cashboxfinance.com.au

9349 1445

FINANCEt h e o p t i o n s a r e a l l y o u r s

HOW DO I GET APPROVAL?

HOW MUCH WILL I NEED?

Deposit: Usually a minimum of 5% of the purchase price. In some

circumstances you may be able to borrow 97% of the purchase price.

Family Guarantee: If you do not have a deposit, you may be able to

use a guarantee from a family member as equity to assist you with

your purchase. This is supported by a mortgage over their property.

Deposit Protect Bond: This is an alternative to paying a cash

deposit on your new property and delays the requirement to pay the

deposit until the property at settlement. If you are receiving a

government subsidy, this is perfect to cover you until they come

through at settlement.

HOW MUCH CAN I BORROW?

Calculators: There are many online calculators that can quickly

figure out how much you can borrow. A Cashbox Finance expert is

more than willing to help you establish an achievable loan amount

you can borrow.

Stamp Duty: Stamp Duty is a government tax payable by the buyer

when they purchase a property. Most states and territories offer

Stamp Duty concessions to first home buyer purchases. You can visit

www.firsthome.gov.au to see if you are eligible.

FIRST HOME OWNERS GRANT

Federal and State Governments provide you with a one off payment

to help you buy your first home.

info@cashboxfinance.com.au www.cashboxfinance.com.au

HOW DO I GET APPROVAL?

HOW DO I QUALIFY:

[1]. You must be an Australian citizen or a permanent resident

[2]. You must be at least 18 years old

[3]. Your house must be your principle place of residence for a

continuous period of 6 months within the first year of ownership

[4]. You must be buying or building your own home

[5]. The house must be in the same state or territory in which the

application is made

[6]. You have never owned a property or received the grant

before. This includes your spouse or de facto if oyu are co-owners

A Cashbox Finance expert can help you to apply for the First Home

Owners Grant or you can apply through a solicitor. Cashbox Finance

can arrange a solicitor for you through our partner law firm.

THE RIGHT LOAN FOR YOU - HOW TO CHOOSE

This is what a Cashbox Finance expert does best. We start by

assessing your every need to establish what type of loan will suit

your lifestyle and expectations, both now and into the future.

Cashbox Finance can offer you;

- Expert advice on how to access the range of products on the market

- Looking for certainty in your repayments? Cashbox Finance can

offer you a competitive fixed rate loan

- Looking for flexibility and options? Cashbox Finance can offer you a

competitive variable rate and a range of flexible features (basic

variable loan, split loan)

By structuring your loan with flexible features it gives you a range of

options, from extra repayments to reducing payments when

circumstances change. Cashbox Finance has the complete range of

loan to access.

info@cashboxfinance.com.au www.cashboxfinance.com.au

Redraw

Extra Repayments

100% Offset

Top - Up

Reduced Payments

Portability

Interest Only

Construction

As many as you like to reduce interest payments

Use the balance in your transaction account to

reduce the balance in your loan where home loan

interest is calculated

Access extra money built up in oyur home loan

Increase the limit on an existing home loan

Pay interest repayments only for up to 10 years

Allows progress payments to builders

Take your loan with you when you move to

another property

Repayments reduced by up to 50% for as long as

6 months

Parental Leave

Repayment Holiday

SmartPay

If you build up extra funds in oyur home loan, you

can stop making repayments for a while

Repayments reduced by up to 50% for as long as

6 months

Lets you deposit all your income into your loan account

Self Employed? You don’t need a standard income

verification document to apply

info@cashboxfinance.com.au www.cashboxfinance.com.au

HOME LOAN FEATURES

FEATURES

Low Doc

info@cashboxfinance.com.au www.cashboxfinance.com.au

LOAN CHARACTERISTICS

Variable Rate

Loans

Fixed Rate

Loans

Flexibility

Offset

RedrawTop-Up

Parental

Leave

Portability

Bridging

Loan

Security

Equity

Access

Low

Doc

Family

Guarantee

Split

Loan

Package

Benefits

Pre-

Approval

Costs

LMICosts

DepositFHB

Grant

APPROVAL / SETTLEMENT

FORMAL APPROVAL

Once you find your property you will need to obtain formal approval

for your loan. Cashbox finance will work along side you to provide

the evidence of the details you produced in the pre-approval phase.

When you provide a copy of the sale contract, the lender will

undertake a valuation to ensure the acceptability of the property as

security against the loan. This is completed within your cooling-off

period and will allow the lender to provide you with unconditional

approval.

INSURANCE

Cashbox Finance recommends that you consider taking insurance

cover during your formal approval.

SETTLEMENT

Settlement includes a process where titles are exchanged between

the buyer and the seller. At this stage the lender will register a

mortgage over your property.

Depending on which state or territory you live, Cashbox Finance will

recommend enlisting the services of a solicitor, conveyancer or

settlement agent to guide you through the formal settlement process.

Cashbox Finance can refer you to our partnered professionals to help

you with this part of the process. Please ask one of our experts.

TRACKING YOUR APPLICATION

Cashbox Finance experts will work with you every step of the way

through this process and keep you fully updated during each and

every stage.

info@cashboxfinance.com.au www.cashboxfinance.com.au