First Home Buyers may apply for up to $26,000
towards their new home
Right now first Home Buyers may be eligible to receive up to $9,000 (before june 30)towards the purchase of an established home and $26,000 (after jul 01)towards a newly constructed home!
Find out today if you are eligible for the First Home Owners Grant, First Home buyers Boost and the First Home Bonus.
So you want to buy a home and your ready to start looking for it, why not organize your finance first.
Apply for the Grant Find out more...
VIC DISPLAY CENTRES
Maribyrnong
Edgewater Sales & Information Centre
Telephone: +61 03 9318 4699
Toll free: 1800 678 495
Email Edgewater
Visit
Sales & Information Centre
30-48 Edgewater Blvd (off Gordon Street)
Maribyrnong Vic 3032
[Mel. Ref. 28B12]
Opening Times
Monday - Friday: 9am - 5.00pm
Weekends: 12noon - 5pm
Public Holidays: 12noon - 5pm (except Good Friday, Xmas Day and New Years Day)
Pakenham
Delfin Lakeside Sales and Information Centre Lakeside Boulevard (next to lake)Pakenham 3810
Mel Ref: 215H5
Phone (03) 5941 6000
Email Lakeside Pakenham
Visit www.delfin.com.au
Builders on display:
Simonds
SJD Homes
Ramsay Builders
Profine Homes
JG King
Yarrabank Homes
East West Homes
Burbank
Doreen
Laurimar Sales & Information Centre
5/95 Hazel Glen Drive
Doreen VIC 3754
Melway Ref 391 G6
Phone: (03) 9717 7000
Fax: (03) 9717 4255
Open times 7 days 9am - 5:30pm
Email Laurimar
Visit www.delfin.com.au
Caroline Springs
Caroline Springs Sales & Information Centre
Cnr Caroline Springs Boulevard and Lake Street
Caroline Springs VIC 3023
Melway ref: 356 H1
Open 7 days
9am - 6pm
Phone: (03) 9360 5488
Email Caroline Springs
Mernda
Woodland Waters -Sales & Information Centre:
10 Waterview drive(off Plenty rd) Mernda Vic 3754 Melwayref183G1 Phone: 1800 mernda(1800 637 632) Opening:Mon to Fri: 10am - 5pm Sat & Sun: 11am - 5pm
Melbourne Williams Landing
52 De Havilland Circuit, Williams Landing, Melbourne, Australia
Melway ref 203 J8
Opening: 11am - 5pm, 7days
Phone 1300 11 22 02
Williams Landing is a new suburb that is taking shape on the historic RAFF airfield site which is only 19 kilometres west of Melbourne's CBD.
Loan Calculator
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Mortgage Calculator
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| LVR / LMI Explained |
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Loan to Value Ratio (LVR) In the mortgage industry, the term used for this equation is the LVR, sometimes known as the LSR. This acronym stands for, the loan to value ratio (orLloan to Security Ratio) If an LVR is only 20%, (Eg: Borrowing $40,000 and a property value of $200,000), then a lender is taking on substantially less risk than if a borrower required a mortgage loan of $190,000 on the same value security. (Here the LVR would be 95%) Aside from any other assessable risks the lender will carry, with a lower LVR the overall credit risk is reduced. Loan-To-Value Ratio (LVR) – what the Lenders look at When Lenders talk about Mortgage deposits and refer to Loan to Value Ratio (LVR). LVR is the loan amount divided by the value of the property. Let’s say you want to buy a property with a purchase price of $200,000. If you have a deposit of $40,000, your LVR is 80% = 160k divided by 200k. The 80% LVR The most important LVR figure as far as Lenders are concerned is 80%. If you don’t have 20% of the purchase price as a deposit, you will generally be required to pay for Lenders Mortgage Insurance (LMI). Lenders Mortgage Insurance (LMI) – what is it? Borrowers who are borrowing more than 80% of the value of a residential property usually pay Lenders Mortgage Insurance. Lenders Mortgage Insurance provides protection to the Lending institution (bank) in the event that you default on your Home Loan and there are not enough funds from the sale of the property to clear the debt. Don’t get confused with Mortgage insurance, LMI does not insure you the borrower. Though Lenders Mortgage Insurance protects the Lender, it’s paid for by the borrower. It’s a one-off charge that gets included in your loan amount. Lenders Mortgage Insurance (LMI) – owning a home sooner You might not like having to pay Lenders Mortgage Insurance but LMI allows people with less than 20% deposit to get into the housing market sooner. By using LMI on a loan, Lenders can pass on the risk of a borrower defaulting to a Mortgage insurer, so they can offer the same loan amount with less of a deposit. |
