First homebuyers will be able to purchase a property with a deposit of just 5 per cent from today, as Australia’s expanded Home Guarantee Scheme takes effect.
The federal government will support eligible buyers by guaranteeing a portion of their home loan, meaning the need for less cash up front without having to fork out for costly Lenders Mortgage Insurance (LMI). #firsthomebuyersscheme #property #housingmarket #home #mortgage
