Get Rich Slow Club 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 an array of caveats and conditions at play. To help you know whether it’s right for you, we spend this session covering it from A to Z. feat. Alan Hemmings
Disclaimer
Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.
Natasha Etschmann is an Authorised Representative #1299881 of Guideway Financial Services Pty Ltd AFSL#420367. Read the FSG available from https://tashinvests.com/links
Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide
If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.
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