First Home Guarantee Scheme EXPLAINED! Avoid These Mistakes & Save 55K [Everything You Need To Know]
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- čas přidán 15. 07. 2024
- You won't want to miss out!! 😲 The new Labor Government First Home Buyer Guarantee Scheme is now available for 2022 - and you could save up to $55,000 on your first home! But, spots are limited, and already, we are seeing the scheme taking off 🚀 - last year, it only took a month for these spots to be completely taken! So, to ensure you know everything you need to before you potentially miss out, we've broken down the pros and cons of the scheme in this video.
But to ensure you don't miss out, book a free call with Jayden and Nathan today by clicking the link below 👉 hello.huntergalloway.com.au/m...
In this video, we'll be answering the below questions:
🏘️ What are the pros and cons of the First Home Loan Guarantee Scheme?
👍 Will the scheme work in 2022?
💵 How can you save up to $55,000 with the new scheme?
👌 Is NOW a good time to buy a home in 2022?
💰 How to buy a home with a 5% deposit?
🗄️ How will the expanded first home guarantee scheme work?
🙋 How long will the Home Guarantee Scheme last?
🏃♂️ How can you secure a Home Guarantee spot right NOW?
🔓 What do you need to do to prepare before the July 1st deadline?
🇦🇺 What has changed from the First Home Loan Deposit Scheme?
🏦 How can I take advantage of the grant?
🤷 Could house prices still increase, even with interest rate rises?
⌛ When does the Guarantee Scheme launch?
💰 What are the biggest benefits of the scheme for first home buyers?
🙅 What are the biggest pitfalls of the scheme?
🤷 Is it cheaper to buy than rent in your suburb?
📈 How will interest rates affect the Australian property market?
🔥 Is there an Australian Rental Crisis?
🛑 Why should you never listen to the mainstream media?
💥 Is there a housing boom incoming in Australia?
🏡 What next for the Australian property market?
🚀 What should you do in 2022?
🗣️ Why you need to speak to a mortgage broker
🤑 How your Mortgage Broker can save you thousands!
🛑 Why should we never listen to the mainstream media?
✋ How cautious should you be in 2022 with your mortgage?
Click below for more info and how to apply 👉 www.huntergalloway.com.au/hom...
The First Home Guarantee Scheme is an Australian Government initiative to support eligible first home buyers to purchase their first home sooner with as little as a 5% deposit and no Lenders Mortgage Insurance (LMI). Under this new initiative, the Labor Government will support up to 35,000 home buyers per financial year (and kicks off as of July 1st 2022) to buy a home with a lower deposit. But hurry, as you'll need to act fast as the scheme has been extremely popular in previous years and has run out of spots within months of being released! But where do you start?
To make sure you don't miss out, book a free call with Jayden here 👉 hello.huntergalloway.com.au/m...
For more info, visit us here 👉 www.huntergalloway.com.au/mor...
Here's what we know:
00:00 Pros and Cons of The First Home Loan Deposit Scheme?
00:15 First Home Guarantee Scheme LAUNCHES! 5% Deposit
00:55 The BIGGEST CHANGE from the scheme
01:24 Why you don’t want to miss out!
01:54 What are the RISKS of a 5% deposit!
02:04 Why the scheme falls FLAT in the Australian Capital Cities?
02:59 First Home Owners Be Aware!
03:26 Save on rent, but pay more interest DEBATE & Example!
06:15 Is the scheme going to be worth it for you?
07:12 Rental Crisis Explained. Why buying your home could actually be cheaper in 2022?
08:06 Home Loans & Negative Equity!
10:00 Will house prices DOUBLE in 2022?
11:55 The Australian Property Market.
12:20 Should you listen to the mainstream media?
13:25 How to apply for the scheme and save up to $55K
For more information, contact us today 👉 www.huntergalloway.com.au/con...
Find Jayden here:
▸ www.huntergalloway.com.au/fre...
▸ www.huntergalloway.com.au/mor...
▸ / jaydenvecchio
T: 1300 088 065
E: www.huntergalloway.com.au/con...
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DISCLAIMER:
Full Disclaimer here - www.huntergalloway.com.au/you...
Great advice!
Glad you think so!
Hey guys, Thanks for the wonderful videon- I have a quick question.
Are there different interest rates for loan applications put thru FHLDS ? Say when I pay 5% deposit , the interest rate that I get is different from 20% deposit - how does it work ? In this video you applied same interest rate for different % of initial deposits-hencewhy the question raised in mind !
Great question, that's right. The banks give rates as if it's an 80% lend given it's backed by the government
How does it work when using the equity on your current house to purchase an investment property?
Thanks Charles, great questions and please check out: czcams.com/video/mp0iwG9ly_Y/video.html
@@MortgageBrokerAustralia Thank you
Great stuff Guys 👏!!! Just a quick question , in FHGS (FHLDS), Can the buyer deposit only 5% ? Can’t the buyer deposit more than 5% ( say 10% 15%) ?? Are there any restrictions not to pay over 5%? Would you be able to clarify this !
Thanks Siva, confirming you can put as much deposit as you like. 5% is the minimum
That’s awesome 👏! Thanks much for the swift clarification- much appreciated Jayden /Nathan😎
Surely all schemes like this “to help people buy a house” don’t help the general market in the long run… just increasing competition in the market driving prices higher. Why do they do them? How about some schemes that actually increase supply or promote multi family so people can buy an affordable place to live without needing to be 95% debt 😅
Thanks for sharing Felix!
Totally agree with this.
Would it still be beneficial to use a mortgage broker if you have to apply through a participating lender directly??
Thanks Thomas, certainly would. As lenders only get allocated a certain number of spots. We have a number of lenders that are participating in the scheme and as a mortgage broker take care of all the details with the application on your behalf. Feel free to reach out with us here: www.huntergalloway.com.au/contact/
Thank you I will be in touch👍
Thanks Thomas!
9:25 You’re not allowed interest only loans? You’re allowed interest only periods on loans for up to 5 years. Am I getting confused on semantics here? 😂
If somebody has 20% deposit , how this scheme will help to save money ?
Thanks Fatema, unfortunately this scheme isn't available if you have a 20% deposit.
Is there any government incentives for 2nd home buyers ?? All the info i can find is based on first home buyers
Yeah the First Home Guarantee Scheme is available if you havent owned a home in 10+ years - www.huntergalloway.com.au/home-guarantee-scheme/ - but if you are upgrading not really sorry!
The word scheme really throws me off
Thanks for watching!