80. The First Home Guarantee - What is it and who can use it? feat. Alan Hemmings
Homes are expensive. They’re hard to buy if you don’t already own one. Same page? Great.
In recent years, government programs such as the First Home Super Saver (FHSS) scheme have become more common. The aim of these schemes is to remove some of the barriers to home ownership. However, while the FHSS aims to augment your deposit savings rate, it doesn’t reduce the size of the deposit required.
The First Home Guarantee seeks to change that. Via the First Home Guarantee, an eligible buyer only requires a deposit of 5% to secure a mortgage. But, as with many government-backed schemes, there are…
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