Great news for home buyers! The Home Guarantee Scheme changes are coming soon. They will start on October 1st. This means more people can buy a home. The Big Changes How Can You Apply? The scheme helps you buy a home with a small deposit. You need at least a 5% deposit. The government will help with the rest. This lets you avoid Lenders Mortgage Insurance (LMI). You can apply through a lender. We can help with this. We will check your eligibility. We will guide you through the process. To find out more about the Scheme and view Housing Australia’s Frequently Asked Questions, visit the Housing Australia website here. Also, the Housing Australia Investment Mandate Amendment to effect these changes can be found here. What You Need to Know There are some rules you must follow. You must be an Australian citizen or permanent resident. You must also be 18 years or older. You must also live in the home you buy. You cannot rent it out. This scheme helps you save money and buy a home sooner. The Prime Minister said the goal is to help more people own a home sooner. Contact EZ Mortgage Broker today for a free chat. We can help you start your home buying journey. Important Information: Mortgage Broker Online Pty Ltd, ABN: 28 657 661 615, Credit Rep Number 538522. AFG Accredited Member (AFG Australian Credit Licence: 389087).
