If more than 30 percent of your pre-tax income goes towards paying your mortgage, you meet the definition for being ‘mortgage-stressed’ – and it’s more common than you think! – Defying mortgage stress.
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.