Small deposit? 50,000 Home Guarantee Scheme spots just opened up

Small deposit? 50,000 Home Guarantee Scheme spots just opened up

Growing a 20% deposit isn’t just challenging. It can be a (very) long slog. Fortunately, 50,000 new places in the popular 5% deposit Home Guarantee Scheme just opened up on July 1. Here’s how to secure your spot. Struggling to reach that seemingly mythical 20%...
How much does LMI really add to a home’s cost?

How much does LMI really add to a home’s cost?

Saving for a 20% house deposit is like house training a wilful Labrador. It requires plenty of patience and persistence. Not your thing? You could take out lenders mortgage insurance (LMI). But how much extra does that cost? And can you avoid paying for it? (for the...
How can your deposit size shape the rate you pay

How can your deposit size shape the rate you pay

It is commonly known that the bigger your deposit, the smaller your home loan and therefore the lower your monthly repayments. Today we will investigate another way your deposit size could reduce your repayments: by potentially reducing your interest rate.  A question...