first home buyers Archives - MO'R MORTGAGE OPTIONS

The 5% Deposit Scheme: A Foot in the Door, or a Trap Door?

What the scheme actually is The expanded Home Guarantee Scheme lets eligible first home buyers purchase with just a 5% deposit — without paying Lenders Mortgage Insurance (LMI). Housing Australia guarantees the lender for the extra risk, effectively covering the gap between your deposit and the usual 20% threshold. In Canberra, that applies up to a $1 million price cap, and you need to be a first home buyer (or haven't owned property in the last decade) to qualify. Why it's the … [Read more...]

If you’re a first home buyer in Canberra, here’s what you need to know

If you're a first home buyer in Canberra, the landscape just shifted in a meaningful way. (And if you haven't spoken to a mortgage broker lately, now is genuinely a great time to do so.) Let's start with the big one... Stamp duty will be abolished for ACT first home buyers from 1 July 2026. Yep, you read that correctly. The ACT has just become the first jurisdiction in Australia to abolish stamp duty for all first home buyers. There are no price caps, no income thresholds to … [Read more...]

Big changes for First Home Buyers. Find out how the First Home Guarantee Scheme will change on 1 Oct.

The First Home Guarantee Scheme (HGS) is nothing new and over the years, we've helped many clients purchase their first property using the scheme. The First HGS can help first time buyers purchase a property sooner. By removing the need for Lenders Mortgage Insurance (LMI), it also helps first home buyers save on lending costs. At the moment, the first HGS is only available to first time buyers who meet a strict set of conditions. Specifically, to be eligible for the HGS in … [Read more...]

This has helped 200,000 Australians buy a home. Can it help you too?

If you’re looking to purchase your first home, you'll want to understand how the Home Guarantee Scheme works because it might just help you purchase your first home sooner than you thought possible. We all know that saving 20% cash deposit to buy your first home isn’t easy, and often takes a bit of time. According to recent data from CoreLogic, the average time it takes for a first home buyer to save a deposit is now 10.6 years. The First Home Guarantee Scheme (HGS) can help you reduce … [Read more...]

Does your job come with home loan privileges?

We all know that different jobs come with different perks and/or benefits, with some being more generous than others. But did you know your occupation might also give you special incentives from lenders? When it comes to home loans, certain occupations often enjoy more favourable treatment from certain lenders. If you’ve already spoken to your local bank and were disappointed with how much they would lend you, come talk to us. Because we may know of a lender who can offer you more … [Read more...]

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