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
Small Lenders vs The Big Banks
You are about to apply for a home loan for your first time and you are not sure who to go for….your parents tell you to go with a big bank for safety reasons while a friend say’s the big banks charge to much,…
The importance of ‘Genuine Savings’ for your first home loan
In recent times, most lenders have introduced mandatory policies for ‘Genuine Savings’, as a result of the greater number of first home buyers & investors that were applying for loans with minimal deposit & savings. Genuine savings are critical for…
Cash rate falls to new record low
Earlier this afternoon the Reserve Bank of Australia (RBA) board decided to cut the official cash rate to a record low 1.5%. The RBA noted in their press release that recent data showed inflation to be “quite low” and that “this is expected…
FHBA partners with Mortgage Australia to launch an Australian first service
We are pleased to announce that today we are launching with Mortgage Australia (our latest partner) a new service dedicated to first home buyers across Australia. Recently, many of our blog readers (500 to be exact!) completed our national first…