Knowledge Base Listing | North Rocks Mortgage Solutions

Government Schemes and Initiatives
Home Loan Fundamentals
Smart Mortgage Strategies

Government Schemes and Initiatives for First Home Buyers in Australia

Owning your first home is an exciting milestone, but it can also be financially challenging. To support first-time buyers, the Australian government has developed various initiatives aimed at making home ownership more achievable. Here’s an overview of key federal and state-specific schemes designed to assist first home buyers, including the Home Guarantee Scheme.

Your Guide to the Home Guarantee Scheme

The Home Guarantee Scheme is a government initiative aimed at helping Australians achieve their dream of homeownership sooner. Managed by Housing Australia on behalf of the Australian Government, this scheme provides critical support for eligible first-home buyers, single parents, and regional buyers by reducing the financial barriers to purchasing a home.

Understanding the “Help to Buy” Scheme: A New Pathway to Home Ownership

The dream of owning a home feels increasingly out of reach for many Australians, with rising property prices and the challenge of saving for a deposit creating significant barriers. To address this, the federal government is rolling out the “Help to Buy” scheme, a shared equity program designed to make home ownership more accessible. Here’s […]

Understanding the First Home Owner Grant (FHOG)

The First Home Owner Grant (FHOG) is a valuable initiative designed to assist first-time home buyers in purchasing or building their first property. By offering financial support, it helps individuals and families step into homeownership with greater ease.

An Overview of the First Home Super Saver (FHSS) Scheme

Buying your first home is a significant milestone, but saving for a deposit can be challenging. The Australian Government’s First Home Super Saver (FHSS) Scheme aims to ease this process by allowing first-time buyers to leverage the tax advantages of superannuation to build their savings faster. Here’s an overview of how the FHSS Scheme works […]

Our Home Loan Process

Navigating the home loan process can be confusing, especially for first-time buyers. At North Rocks Mortgage Solutions, we’ve simplified the steps to guide you through with ease. Here’s a breakdown of our process:

It’s the Use of Funds, Not the Loan Type, That Determines Tax Deductibility

When it comes to property-related loans, many borrowers mistakenly believe that the type of loan or the security attached determines whether interest is tax-deductible. However, the use of the borrowed funds is the true determinant of tax deductibility. This principle is a cornerstone of property investment tax law in Australia and has significant implications for […]

Offset Account vs Redraw Facility: Understanding the Basics and Tax Implications

When managing your home loan, understanding the differences between offset accounts and redraw facilities is essential. Both offer ways to reduce the interest paid on your mortgage, but they function differently, and their tax implications can affect your future property plans. Let’s break down the basics, the tax implications, and explore a scenario to help […]

Choosing Between Interest-Only and Principal-and-Interest Repayment: A Comprehensive Guide

When it comes to selecting the right repayment structure for your loan, the decision between interest-only and principal-and-interest repayments can be quite daunting. Both options offer distinct advantages and potential drawbacks, depending on your financial goals, cash flow, and overall financial situation. At North Rocks Mortgage Solutions, we’re here to help you understand your options […]

What documents are needed for a home loan?

What documents are needed for a home loan? When you apply for a home loan, lenders require a variety of documents to determine whether lending to you is a sound decision. Much like you’d carefully consider lending a substantial amount to someone, lenders ask key questions to gauge your financial reliability: Is your identity verified? […]

Why Property Investors Should Choose Interest Only Repayment for Investment Properties

The landscape of property investment is fraught with financial strategies and decisions that can significantly impact an investor’s portfolio and overall financial health. One such critical decision revolves around the choice between interest-only (IO) and principal and interest (P&I) loans. For savvy property investors, opting for interest-only loans when acquiring investment properties can provide substantial […]

Purchasing Property through a Trust: What you Need to Know

Buying property through a trust can offer significant benefits, particularly if you’re looking to build a larger portfolio. It’s a strategy that can enhance affordability and provide various tax advantages, making it possible for some to own ten or more properties. However, as with any financial decision, it’s crucial to understand both the benefits and […]

Get In Touch

Our Address

Barclay road, North Rocks NSW 2151

Our email

cordelia@northrocksmortgage.com.au

Call Us

0433 035 911