Recent federal government incentives combined with low mortgage interest rates offer a rare opportunity for many would-be homeowners to finally break into the market.

The February issue of Your Mortgage has compiled the most comprehensive and practical advice that you can act on to get your first property within five months.
However, like the post-Christmas price markdowns at retail stores, the current 'sale' on the Australian housing market is for a limited time only.

Wait too long and those incentives will disappear, plus housing prices at the market entry-level look set to rise again.

Follow our step-by-step guide to take advantage of the first home Owner Grant boost before it expires on 30 June 2009.

In this months issue you'll also find the secrets of choosing the right advisor to help you with your first home purchase, as well as a property options comparison. Which approach - buying a new property or an existing home - makes the best economic sense for you? Your Mortgage will help you answer this question with a detailed analysis of each option's pros and cons.

Our regular features include the Editor's Choice, state of the market and our loan comparison tables, where we compare over 1,900 mortgages. Make sure you get to your newsagent and pick up a copy of the February 2009 issue on sale now.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now