by Mortgage Innovations | Mar 6, 2024 | First Home Buyer Loans, Home Loans
As a mortgage broker, we see many first-time homebuyers face the hurdle of saving a sizable deposit. While a 20% deposit is often seen as the golden standard, it can feel like a distant goal, especially in today’s market. But what if we told you there’s a...
by Mortgage Innovations | Feb 14, 2024 | Financial Advice, First Home Buyer Loans, Home Loans
Data from CoreLogic revealed that 28.9% of owner occupier finance housing commitments are taken by first home buyers. Buying your first home is a massive milestone, filled with both excitement and trepidation. While securing the best loan and navigating the legalities...
by Mortgage Innovations | Apr 4, 2023 | First Home Buyer Loans, Home Loans
The Australian Government has come to the rescue with the First Home Guarantee – a scheme designed to help first home buyers secure a home loan with just a 5% deposit. The First Home Guarantee has been gaining popularity since its introduction in mid-2022, and...
by Mortgage Innovations | Mar 20, 2023 | First Home Buyer Loans, Home Loans, Housing Market, Industry Updates, Interest Rates, Loans
As mortgage brokers, our perspective on whether to buy or rent a property would depend on several factors, including your financial situation, goals, and personal circumstances. In capital cities, 6.3% of suburbs were cheaper to buy houses than rent. We also see a...
by Mortgage Innovations | Dec 15, 2021 | First Home Buyer Loans, Home Loans, Housing Market, Industry Updates
An extra 4,651 first home buyers will be able to access federal government assistance during the 2021-22 financial year. The government had originally pledged to support 20,000 first home buyers this year – 10,000 under the First Home Loan Deposit Scheme and 10,000...