FirstHome Solutions

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investment advice and should not be construed or relied on as such. Before making any
commitment of a financial nature you should seek advice from a qualified and registered
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JDL Strategies Pty Ltd endeavour to ensure all information is true and correct. Our publication is
created with every intention of providing quality resources to our audience. If at anytime you
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 Table of Contents
04 Welcome

05 Cutting to the chase

06 Steps

07 Renting isn't an asset

08 Renting and Owning comparison

09 How much have you spent on rent

10 Why buy a home

12 FHOG (First Home Owner Grant)

13 Dollars and Cents

14 Hints and Tips

16 Deep Dive on your Credit File

17 Research. Research. Research.

18 Designed for you

19 Location is key

20 Getting started
WELCOME

First Home Solutions is brought to you by JDL Finance Australia Pty Ltd.
JDL is one of Australia’s fastest growing and definitely most innovative
finance companies and forms part of the JDL Strategies group of
companies.

JDL Finance Australia Pty Ltd is a client focused business that works
with each client at a time, a client for life. It is important that you anchor
that point right now in your heart and in your mind. Your future
financial success depends upon it!

This unprecedented time have created an exceptional opportunity

for people to buy their own home with substantial assistance from
Govt, banks and builders and we are using our 25 years’ experience
to rocket what you need to know and get you want you want.

For the first time in history, buying your own home may workout
cheaper than paying rent.

Nevertheless, you must get it together to access the cheap finance available
across all the major banks and not miss out on any of the government
grants available to you.

Don’t get stuck, make a decision to get ahead because the idea that you
should not miss out is an excellent idea.

A very sincere welcome and thank you for the opportunity to walk this
journey with you.

04
 Cutting to the chase

Buying a house may be exciting… But there certainly is a journey! The

more prepared you are the easier it is.

For the next few years rent may be more expensive than
repayments for your own owner-occupier home. Lots of people will
not access the cheap finance available, not because they cannot afford
it, because they don’t understand the key steps, how to present their
numbers well and negotiate across a multitude of banks.

Data collection and budgets are vital. There is a lot of talk about this,
but only those that take intelligent action will benefit from all the govt
grants.

Contracts must be signed before 11:59 pm 31 December! The

Government will give your family up to $40K* as part of the economic
stimulus package. Anyone who is prepared to build a new home to live
in will be able to access the grants listed below:

05
Steps

Decide if you will rent or buy a house. Study the table above. Know that
finance has never been this cheap and never this difficult to attain. (Yes,
they may ask about your Netflix account on your application.) Choose a
house you want from our website. (But be realistic. A good indicator is
how much can you save per week). Get your documentation ready. (We
can help).

Complete the form on the website and get ready for your obligation free
consultation. - There is a lot of people wanting this right now. Please be aware that we
will not be able to prioritise your call if your data form on the website is not complete. -

Book your date and time. We will chat and give you as much
information and support we can.

A BIT MORE BACKGROUND:

JDL Strategies has helped thousands of everyday Australians build

wealth through customised strategies that work. The JDL team
continues to strive to deliver solutions and provide information to help
people make informed decisions. This is why we have created this Own
Home Rocket Kit as we are committed to delivering the highest levels of
service along with access to information and to provide education to
help you make informed decisions.

JDL will help you understand and see what is possible for you, helping
you make educated decisions regarding your financial future.To help
you in this journey you'll will have a team of specialists at
your command. Financial experts that you can trust will be by your side
to look after every aspect of your financial life.

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 Renting isn't an asset
No matter how affordable renting is, you will never own
the property, therefore your asset base will not grow.

Owning your home gives you more freedom over your

decisions. From simple things like being able to change
the aspects of the house you don't like, to not being
subject to rental increases and not being hit with
unexpected moving costs. Unlike with renting, owning
your own home means that you now have security and
stability. The home that you buy also has the potential
to earn profit; either through selling or as an
investment property. The financial benefits of owning a
property is one of the leading reasons why people
choose to buy over rent.

In addition, owning a home allows you to build equity

over time simply by making your monthly mortgage
payments.

The equity you build in your house, is yours and can be

used for things such as:
• Purchase another home;
• Holiday;
• Upgrade your car;
• Helping your children get their first home.

Equity is something you do not get when you rent, each

week you pay a weekly amount just to live in the home.
These rental costs are unrecoverable and end up
paying someone else’s mortgage.
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 Renting and owning comparison

OWNING
Home Loan Amount $450,00

Interest Rate 3.50%

Weekly Repayments $467

Amount paid over 30 years $726,639

Value of property in 30 years $1,631,335

on 4% growth

Who owns the property YOU!

RENTING
Home Value $450,00

Weekly Rate $467

Amount paid over 30 years $741,000

Value of property in 30 years $1,631,335

on 4% growth

Who owns the property The landlord

*The property growth is an estimate only and is well under the average of property growth from 1993 to 2018
according to CoreLogic’s 25 year Housing Trend Report.

08
 How much have you spent on
rent?

Just think about it... Imagine paying a mortgage for 30

years and the mortgage is finally paid off compared to
renting for 30 years and still having to pay weekly rent.

The difference you can make by buying a home with the

right finance structure could be worth hundreds of
thousands of dollars in the long run.

Maybe now is the time to ask yourself, how long have

you been renting for and how much have you paid in
rent thus far?

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 WHY BUY A HOME

1. Property Growth; 2. Making your money work

for you;
Property has always been
considered a conservative growth When you are renting a property
asset with a long investment there is no end date. You end up
horizon. paying for someone else’s
mortgage each week for as long as
The growth in the properties value you want to live in that property
over time can provide you with and what’s even worse is that the
other opportunities to create rent you pay can never be
further wealth in the future. reclaimed.

Creating equity in your property Rather, as a home owner you pay

comes from paying the mortgage down the mortgage with each
down as well as the value of the repayment and know that there is a
property increasing. set end date on when the debt will
be paid off in full.
Many first home buyers after a few
years start to explore using the Also, with your own homeyou have
equity in the family home to the freedom to decide when you
purchase an investment property want to make any changes ,
or even upgrade their home. including painting or even getting a
pet without having to ask for
permission.

At the end of the day, once the loan

is paid off you will have an asset for
life. This alone creates financial
security for the future.

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 3. Government Grants and Incentives;

We have seen the Federal Government release the Home Builders

Grant and First Home Buyers Scheme to be accompanies by current
state and territory grants.

In some instances, you may be eligible for more than one scheme.

It is best to speak with you Financ Broker to find out more information
regarding what possible programs you may be eligible for..

4. Interest Rates are Low;

The banks are currently offering some of the lowest interest rates in the
history of Australia.

This is making it even easier for first time home buyers to enter the
property market. In many instances, owning a home can be more
affordable than renting.

Majority of the lenders are including Government grants towards the

deposit, this is especially important as it means you could potentially be
eligible to purchase a property already.

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 FHOG
(First Home Owner Grant)

To assist in the purchase of your first home the Government

introduced the First Home Owner Grant (FHOGs).

This grant can be considered to form part of your deposit,

depending on which lender you get the home loan through.

A first-time home buyer grant is a grant specifically targeted at

those buying their first home — perhaps a starter home. Like
other grants, the first-time buyer does not hold an obligation
to repay the grant. In this respect, it differs from a loan and
does not incur debt or interest.

The FHOG is a national scheme funded and administered by

each of the states and territories under their own legislation.
It’s not means tested, which means your eligibility isn’t subject
to financial considerations such as your income. The grant
amount, eligibility criteria and payment details of FHOG vary
between states and territories, so it’s important to check with
your Home Lending Specialist when you apply for a home
loan.

You may be eligible for the FHOG if, as well as being a first
home buyer, you also:

Are a permanent resident or citizen of Australia;

Have never before received the grant or owned residential
property;
Are the minimum age set by your state or territory’s
scheme (usually 18);
Will live in the residence for the minimum time determined
by your state or territory;
Apply for the grant within 12 months of settlement.

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 Dollars and Cents

Finding how much you are comfortable repaying each

week is vital when purchasing a new property.

As the bank will have a large interest in the property

you are buying, you need to ensure that the
repayments are manageable.

When you first start speaking with an advisor, they will

determine what your borrowing capacity is. Your
borrowing capacity is what you can borrow in the eyes
of the bank, just because the bank states you can
afford "x" amount, does not mean you can.

So, it is always advised to review what your budget is

and determine how much you can comfortably afford
on your mortgage each week.

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 HINTS AND TIPS
for increasing your

borrowing capacity

1. Reduce your personal debt limits.

Personal Loans and Credit Cards affect your ability to repay a

mortgage. When assessing your borrowing capacity, the
lenders will factor the repayments as if the debt is owed at the
total limit of the facilities. For instance, if you have a $10,000
credit card limit but owe nothing, the bank will use the
repayments on the total $10,000.

2. Make your repayments on time.

With comprehensive credit reporting, lenders now can review

your repayment history on all of your debts over a long period
of time. Each bank now reports your repayment history to
your credit file for all creditors to see, that’s why making your
repayments on or before the due date is vitally important.

3. Work with a Broker.

The importance of a broker is that they can connect you with

multiple lenders within a short period of time. This is
advantageous as each lender will determine your borrowing
capacity differently, some less and some more.

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 4. Look into buying with someone else

Having another person to increase your borrowing capacity is

a very common practice and normally seen between partners,
friends or a family relative.

Having a joint purchase means that the income from both

applicants can be used to service the new mortgage and, in
most circumstances, increase your borrowing capacity.

Find out your borrowing capacity!

Here at JDL Strategies you will have access to a team

of experienced finance brokers who are accredited with over
40 different lenders and specialise in creating finance
strategies for everyday Australians.

Simply call 07 55573888 and ask to speak with an experienced

broker.

15
 DEEP DIVE ON YOUR
CREDIT FILE

Our credit report tells the story of the type of client you will be
with the banks. This report details all your credit liabilities and
repayment history and tells the story of whether your bills are
paid on time or not.

When applying for finance to purchase a home, the lender will

deep dive onto your credit file and use your credit score as an
indicator to give you finance or not.

If it is found that you have a low credit score or defaults, then

the number of lenders you can approach are reduced,
however depending on your circumstances there still may be
some options available.

Typically, a default will stay on your credit file for 5 years and is
an indication that you failed to repay a liability. If a default is
found to be on your credit file by mistake there are options to
have it removed.

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 RESEARCH. RESEARCH.
RESEARCH.

You most likely already have an idea of where you want to

live, and after speaking with a JDL expert you now know
what your borrowing capacity is. Now is the time to find a
home that is where you want to live and fits into your
budget.

Using websites like: www.realestate.com.au;

www.domain.com.au or www.onthehouse.com.au will give
you an indication of the property value as well as the
property particulars. These websites are a great resource
when searching for a property.

What to do if you can’t find the one?

Consider another area or a smaller house... look at

neighbouring suburbs or even one less bedroom houses.
That way your criteria will open and show houses you may
have previously missed. Doing this may also mean that the
house may be a little bit more affordable.

Other options are looking at blocks of land but building a

smaller home instead, or even considering a townhouse.

Another option is you could consider buying an investment

property in a completely different location and take
advantage of getting into the property market. Over time the
property growth along with your extra savings could help
you get into your dream home in your ideal location.

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 Designed for You

Every home we offer is brand new; either turn key or

yet to be built. Our relationship with builders ensures
the workmanship is top quality.

Our team can assist you with every aspect of selecting a

property and then finalising the finance.

We are sure that you will love every part of your new
home, either buying a turn key, a townhouse or
choosing to buy land and build.

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 Location is Key

The experienced research team at JDL Property

Research sifts through a vast array of property market
and other data, and spends considerable time 'on the
ground', to pinpoint locations and projects positioned
to deliver strong capital growth, low vacancy rates, and
high rental returns for investors. Thereby taking the
“hard work” out of the equation for our clients.

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 Getting Started

The multiple options JDL offers to get finance can fast

track you into home ownership and our team of
dedicated professionals will assist you along the way.

Here is how we do it:

1) Receive your free finance assessment to find out

your borrowing capacity;

2) Once we find your price point, we will then guide

you through a large range of home designs to find
which ones suit and fit into your budget;

3) We will then help you with your loan application to a

suitable lender. – We can assess low deposit finance
through reputable lenders;

4) We will assist you in preparing the paperwork for

the government grants that are currently available;

5) Enjoy your brand-new home;

6) Our team is always here for you.

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