@michael.rusli: Is it better to use a 5% government scheme or wait to save a 20% deposit for your first property? These numbers will vary depending which state your purchase and the cost of the property. Before proceeding contact your mortgage broker. If you would like to be connected tom my trusted team of brokers, head to the link in my profile. Disclaimer: This is not financial advice and is for educational purposes only. #finances #mortgage #governmentgrant

Wealth By Michael
Wealth By Michael
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Region: AU
Monday 16 September 2024 05:25:07 GMT
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hoptin
Mr H :
Both options suck, $140,000 down or have the government own half your home
2024-09-19 08:16:26
15
willallen77
Will Allen :
With the government scheme, do they get a certain percentage if you decide to sell the property?
2024-09-16 07:35:33
2
louissayers
LouisSayers :
Except you'll end up paying an extra $120k over the course of your 30 year loan. In both cases you'll pay more in interest than what the original house is worth.
2024-10-03 05:11:48
0
jasoncalvin
Jason Calvin :
I think some put a bigger deposit because of their limited borrowing capacity
2024-09-23 10:35:54
6
sthstss
JC James 🇦🇺 :
Just do with 5% and getting into the market ASAP, last year I bought townhouse costs for $610K now it worth $700K in only 9months.
2024-09-20 07:48:43
4
mrwhiteshirt
Max Weichelt637 :
I'd love to see the Victorian homebuyer scheme, where the government pays up to 25% for a total deposit of 30%?
2024-10-22 23:47:56
2
leonjano1
Python :
can apply this for investors or.only for first home buyers?
2024-10-23 09:56:46
1
moiz6275
Moiz Khan :
What about the maintenance you need to pay for when you’re living in a house for 9 years? What about the council rates and other charges you need to pay as a home owner?
2024-09-19 13:41:37
1
adadu30
adadu30 :
will 20% count for insurance
2024-11-12 09:06:29
0
mixckz1
Mixckz :
whats the interest amount difference over the life of the loan
2024-11-11 22:16:24
0
yourmumisahoe1234
Yourmumisahoe :
The goal is to own the home not to own the debt so small loan has to be better
2024-11-11 15:13:09
0
calvmane
calvin :
@Lulu
2024-10-23 08:06:43
0
ellena_a_a_a
E L L E N A :
@Max
2024-09-30 05:48:59
0
charlescarson412
charlescarson412 :
LMI?
2024-09-20 22:26:51
0
trappininparadise
Cavro :
What about stamp duty
2024-09-19 06:59:34
0
megan94619
Maelee2609 :
Can you still make changes to the property if you go with the gov grant scheme
2024-09-19 01:17:56
0
joannatan504
joanna :
😂😂😂
2024-09-18 11:46:31
0
wesnile35
wesnile35 :
I ain't sharing crap with governments
2024-09-18 01:57:45
0
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