Search found 3 matches

by Jorah
Tue Jun 18, 2019 7:24 pm
Forum: Home Loan Forum
Topic: How do I qualify for the first home loan deposit scheme?
Replies: 5
Views: 2292

Re: How do I qualify for the first home loan deposit scheme?

Yes, that’s my understanding as well. One final thing can you explain to me how does the new scheme actually work? I mean how much is the government actually guaranteeing and when does it expire?
by Jorah
Tue Jun 18, 2019 6:38 pm
Forum: Home Loan Forum
Topic: How do I qualify for the first home loan deposit scheme?
Replies: 5
Views: 2292

Re: How do I qualify for the first home loan deposit scheme?

So let me get this clear, currently, if I were to apply for a home loan, do I have to come up with the LMI as well as the deposit? Can’t I add the LMI fee on to my home loan amount?
by Jorah
Tue Jun 18, 2019 6:08 pm
Forum: Home Loan Forum
Topic: How do I qualify for the first home loan deposit scheme?
Replies: 5
Views: 2292

How do I qualify for the first home loan deposit scheme?

Hi, we’ve been saving for a deposit for a couple of years now. We’re looking to purchase somewhere in Waitara, NSW where the median price was $665,000 last year. We are both first home buyers with about $70k in savings which is roughly 10%. We understand we may have to pay LMI but I recently read th...

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