Saving for your first Home

Are you thinking about building your first home? We have put together some handy tips to get you into your home sooner. 

BUDGETING

MOJO Homes is here to help you Live Passionately and achieve your dream of building a new home. One of the most important aspects of affording a new home is planning out your budget. While some people simply have a head for numbers, others tend to struggle with calculating their budget, and that's OK! 

By using our budget planner tool, along with our other home loan calculators, you can truly visualise your income and expenses in order to better budget when buying a new home.

SAVINGS CALCULATOR

If you’re purchasing a new house, you’re probably comparing and applying for home loans right now. You will be dealing with getting approved and determining your repayment amounts, frequency and loan term. This means that you’re thinking about your financial future, so why not take it a step further and set a savings goal?

With our savings calculator, you can project how much you can accumulate over time with an initial amount and ongoing contributions.

If you are concerned with your finances and want to find new ways to make your money work for you, please use any of MOJO Homes’ finance calculators and set yourself on the path of savings and peace of mind.

BORROWING POWER

Calculate your borrowing power with our borrowing power tool. The information provided by this calculator is intended to provide you with an estimate and examples based on stated assumptions and your inputs. Simply enter your income details, expense details and loan details and view your results! You’ll get information like what you can borrow, your monthly repayments, fortnightly repayments and weekly repayments. What are you waiting for! 

MYCHOICE HOME LOANS & GOVERNMENT GRANTS

For many people building a home taking out a home loan is an essential step in turning their dream into a reality. We want to make this step easy for you.  MyChoice Home Loans is exclusively available to you when you build with MOJO and their team can discuss the best loan for your individual build. Plus, they can discuss how you can ‘build and save’ up to $12,000, when building your new home*.
All lenders aren’t the same, so experience the MyChoice Home Loans difference and benefit from having access to a custom designed construction loan just for you. You can check them out and have an obligation free chat with a specialist, or connect via email at enquiries@mychoicehomeloans.com.au . 
One chat could save you thousands, so that’s MORE in your back pocket. 

As a first homebuyer, you’re eligible for the first homebuyer stamp duty exemption and a variety of financial incentives like the First Home Owners Grant and First Home Loan Deposit Scheme. 

Your MyChoice Home Loans Specialist will help you work out if you’re eligible, explain how to apply for the grant/s and see if you can access any other benefits.