Understanding the First Home Guarantee Scheme (FHGS)
A key advantage offered by the FHBG is its facilitation of home purchases with a minimal 5% deposit, exempting homebuyers from the customary requirement…
Unveiling the Advantages of Mortgage Brokers: Why Choose Us Over Banks?
By providing a plethora of services and a streamlined process, mortgage brokers serve as a critical conduit between home buyers and lenders.
First Home Loan Deposit Scheme (FHLDS)
FHLDS is an Australian Government initiative to make Australians eligible to purchase their first home sooner than expected paying upfront deposit of as little as 5% of total property value.
Home Builder Grant extended, price caps increased for NSW and Victoria.
The federal government is extending the Home Builder program for another three months and raise price caps for homes in Victoria and New South Wales to reflect higher property values in those states.
Lenders mortgage insurance (LMI)
LMI is insurance that covers the lender’s risk within a residential mortgage transaction should the loan go into arrears and the borrower is unable to resolve the situation satisfactorily. LMI is a fairly common practice within the industry, particularly for new home buyers who may struggle to save a deposit
Understand how you can benefit with Refinances
Refinancing involves reviewing your current mortgage, and potentially swapping your loan to another lender who can better meet your current needs, wants and circumstances.
Refinancing can also allow you to consolidate your debts or pay down your mortgage more quickly.