So, you've decided that now is the right time to start saving for or look at buying a house....yay, go you!

If you're like me, you have so many questions (so many) and need answers STAT about the potential homebuyer grants, and ADF schemes and entitlements you and your military member may be able to apply for.

But…. those answers need to be explained in plain old non-military speak, which is why Defence Bank's Regional Manager for Lending Distribution, Ashley Wills, and I talk you through ALL.THE.THINGS when it comes to saving for and buying a house.

In this episode, Ashley and I talk about;

-First steps once you decide to save for a house

-Personal debts and how they can impact your borrowing power

-Which Home Buyer Grants and ADF schemes, and entitlements you may be eligible for

-DHOAS (Defence Home Ownership Assistance Scheme) explained

-HPAS (Home Purchase Assistance Scheme) explained

-HPSEA (Home Purchase or Sale Expenses Allowance) explained

-The newly expanded Australian Government 5% Deposit Scheme explained

-The First Home Owner Grant and Super Saver Scheme explained

-What is stamp duty, and the available concessions

-How to factor in Interest rates and understand what you can borrow

-Getting preapproval and why organising Power of Attorney is useful for Defence families

For even more information and to check your eligibility for any of the grants, schemes and entitlements discussed in this podcast episode, click through the links below or get in contact with Defence Bank to talk about all of the above in more detail on 1800 033 139 or visit the website www.defencebank.com.au

DHOAS- https://www.dhoas.gov.au/

HPAS- https://pay-conditions.defence.gov.au/buying-or-selling-home

HPSEA- https://pay-conditions.defence.gov.au/selling-or-buying-home-using-home-purchase-or-sale-expenses-allowance-hpsea

5% Deposit Scheme- https://www.housingaustralia.gov.au/

First Home Owner Grant- https://www.firsthome.gov.au/

First Home Super Saver Scheme- https://www.ato.gov.au/individuals-and-families/super-for-individuals-and-families/super/withdrawing-and-using-your-super/early-access-to-super/first-home-super-saver-scheme

Home Loan Borrowing Power Calculator- https://www.defencebank.com.au/tools-and-advice/calculators/home-loan-borrowing-power-calculator/

Home Loan Repayments Calculator- https://www.defencebank.com.au/tools-and-advice/calculators/home-loan-repayments-calculator/

Stamp Duty Calculator- https://www.defencebank.com.au/tools-and-advice/calculators/stamp-duty-calculator/