In line with the budget announcement last week, the Federal Government has stated that it will extend the First Home Loan Deposit Scheme.
The Loan Deposit Scheme, which was due to end in June, will allow 10,000 more first home buyer loan guarantees up to a certain threshold, on the condition that those who get approved are purchasing new builds.
The scheme will guarantee the loans of people who buy their first home on small deposits, eliminating the lender’s mortgage insurance. In Victoria, the price cap for this scheme will also be increased and houses up to $850,000 will now be covered.
To be eligible, home buyers must apply using one of 27 participating lenders. For more information on this scheme visit the First Home Loan Deposit Scheme Webpage.
Ask us about our First Home Buyer’s Service, where we do all of the legwork on your behalf to MAKE IT EASY to secure your new home.
Give me a call on 03 9686 2288 to discuss how I can help. I offer a free consultation, so why not call today?
By Wendy Chamberlain
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With a passion for all things real estate spanning over 20 years, Wendy loves that her role as a Buyers Agent or Sellers Advocate gives her buying and selling clients an experienced voice they can trust when it comes to negotiating to buy or sell something as important as their home or investment. Wendy considers it a privilege to be asked to help others realise such an important goal as home ownership and to be trusted with that honour. Get in touch today via www.chamberlainadvocates.com.au for a no obligation chat about how Wendy can work with you and help you save time and money to secure your new home sooner.
