Property Review Video – August 2023
Stay up to date with the latest developments in the property market over the past month. Our video takes you through an overview of the state of...
The First Home Loan Deposit Scheme will start in January 2020.
It will allow you to buy a home with just a 5% deposit.
Most importantly, you won’t have to pay thousands in Lender’s Mortgage Insurance.
Just think about all the money you’ll save.
You may think that means you don’t need to think about it until the end of the year.
If you leave it too late, you may not be one of the 10% of first home owners selected.
Only 10,000 people will qualify, which is why you must start preparing now.
Depending on the lender, you will want to see at three to six months of savings to prove your deposit is genuine.
But, some lenders will allow you to count your paid rent towards that amount.
Right now, the scheme is available to single people earning under $125,000.
Couples earning under $200,000 per year can also apply.
The government has also announced that there will be a cap on the maximum loan size.
But, they haven’t told us how much yet.
The FHLDS makes it easier for you to get onto the property ladder than it’s been in years.
You have to prepare now to give yourself a chance when you apply.
Contact Investors Choice Mortgages today to find out how we can assist you every step of the way https://calendly.com/icm-discovery-call/fhb
Stay up to date with the latest developments in the property market over the past month. Our video takes you through an overview of the state of...
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