A helping hand to step into your first home

This article is about the First Home Loan deposit scheme. It outlines the eligibility criteria as well as discussing the advantages and disadvantages of the scheme. It encourages readers to see a mortgage broker or lender to guide them through the application process.

The super scheme for first home buyers

You’re moving into your new home; corks are popping and there are smiles all around – classic advertising that for many seems unattainable.

Although many Australians may want to bash the banks over tighter home lending criteria, it’s the bank regulator, the Australian Prudential Regulatory Authority (APRA) that has set these requirements to address the risks in the mortgage market. Low deposits were increasing the risks carried by lenders.