Don't miss out
As part of the 2021-2022 Federal Budget a series of initiatives have kicked in. Here are the details you need to know:
- An additional 10,000 allocations will be made available for new homes from July 1, 2021 under the First Home Loan Deposit Scheme. This gives more first home buyers the chance to achieve home ownership with a deposit from 5% while paying no Lenders Mortgage Insurance.
- Under the First Home Super Saver Scheme, from July 1, 2022 you can use up to $50,000 from your super towards your home loan. Previously $30,000 these funds must come from voluntary contributions which can be up to $15,000 per year.
- A new Family Guarantee Program allowing single parents earning less than $125,000 to start their home journey with a deposit from 2% and pay no Lenders Mortgage Insurance will be available from 1, July 2021.
With so much happening, the above can seem confusing - but we're here to Resolve it. Chat to us today and we will discuss which initiative might be right for you and if you're eligible. After all, it helps to have a finance expert in your corner.
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