Wednesday 08 January, 2020
As of January 1st 2020, the Australian Government have announced a new scheme allowing first home buyers to purchase a property with a deposit of as little as 5%.
Working alongside your broker, you can start building your property portfolio straight away.
The First Home Loan Deposit Scheme (FHLDS) allows you to creep into the market without having to worry (too much) about your savings. Of course, there are a few requirements to meet the criteria – but the good news is we can help you with that.
Some more good news? The FHLDS can be used in conjunction with other government schemes such as First Home Owner Grants, stamp duty concessions and the First Home Super Saver Scheme.
Want to know more? Well, we’ve known this was coming for a little while now (sorry, we weren’t allowed to tell). So, we have done all the research for you. It’s as simple as calling into our office and seeing our friendly staff to see if you’re eligible.
With the property market continually growing, don’t wait any longer – you can live the Australian dream now.
Only 10,000 loans are being granted nationwide, so you better act fast.
When applying for a loan, you’ll hear terms such as “borrowing power”, “borrowing capacity”, and “assessment rate”. But how do they relate? What do they mean? We’ll break it down for you in a simple equation.
During your research into your financial situation, you may have clicked on our calculator section – and been overwhelmed with the number of different types available! What do they all mean and what are they used for?!