Should I pay LMI or save a 20% deposit?
Should I get into the market with a deposit lower than 20% or should I wait longer and save a full 20% deposit for my first home? Our FHBA Coaches are asked the above question by many aspiring first home…
Tag Mortgage Insurance
Australian Mortgage Insurers
Unfortunately, Lenders Mortgage Insurance (LMI) and first home buyers are commonly mentioned in the same sentence. Paying LMI is one of the more popular ways first home buyers are able to achieve their ‘Great Australian Dream’ of home ownership. Whilst this…
Using the FHOG as a deposit
Can I use the First Home Owner Grants (FHOG) & other rebates as my first home deposit? The short answer is YES you can use the FHOG and rebates to form all or part of your deposit. At FHBA, our FHBA…