We all know that saving for your first home can be a long and difficult process, particularly if you’re looking to buy on your own. Add in a child or children, and finding a way to put aside savings for a deposit on a single income can seem like an impossible task.
And with property prices continuing to skyrocket across the country, single parents may feel like they have no chance of ever owning their own home.
But if you’re keen to say goodbye to renting and enjoy the security of owning, there is hope thanks to a new government initiative which allows single parents to secure a home loan with as little as a 2 per cent deposit.
The Australian Government has introduced the Family Home Guarantee which is an initiative to support eligible single parents with dependents to purchase a home. If you are eligible, then you can borrow money from the bank to build a new home or purchase an existing home with only a 2% deposit and the government guarantees the other 18% do you do not have to pay costly lenders mortgage insurance. And if you are a first home buyer then there are other government incentives as well that are available.
Call the experienced brokers at iShare today to find out more about this and other schemes and how we can help you in getting that loan for your dream home.
New figures released by APRA show that loans for property investment outstripped owner occupied loans for the month of April. The report states that the recent growth in housing lending has been underpinned by low mortgage rates and government measures supporting first home buyers and new home building.
So if you are looking for an investment loan with an interest rate that is in the 2s (fixed or variable), call us today for an obligation free chat. It won’t cost you anything, and don’t forget to ask us about our Cashback Offer!
Why use a Mortgage Broker instead of going straight to the Bank?
It’s all about choice, convenience and personalised service
A good mortgage broker will make sure they understand your individual situation before recommending the most suitable loan product for you.
They will guide you through the loan application process and do a lot of the heavy lifting, so that you don’t have to.
Hundreds of thousands of people – just like you – enjoy the personalised service that mortgage brokers pride themselves on.
A bank only has their own products to offer you, while a Mortgage Broker has a smorgasbord of lenders and products for you to choose from.
Call the experts at iShare Cashback Mortgage Brokers today to speak to a professional about your next home loan. And ask them about our cashback model, where we put money back into your bank account every month.
How would you like to receive Cashback each month, courtesy of the banks, helping you to pay off your home loan sooner?
Well, now you can! Just let iShare find you a great Home Loan and we will refund you our trail commission into your bank account every month.
You could be saving yourself around $600 year (based on an average home loan of $500,000)
So, on top of a record low home loan rate, it makes sense to take advantage of our great cashback offer.
The cashback broker model has been endorsed by no other than Scott Pape himself – The Barefoot Investor.
As a special offer iShare are giving away a free copy of Scott’s new book The Barefoot Investor 2020 Update – The only money guide you’ll ever need for all loan applications settled by 31 March 2020.
Call Penni today on 0432681020 to find out how easy it is and how we can make this all work for you.
Well, now you can, with iShare’s cashback refund deposited into your bank account each month.
All mortgage brokers receive a trail commission each month from the bank and most brokers keep these, but not iShare! We give these commissions back to our valued customers to help you pay off your home loan sooner.
Whether it is for a new home or refinancing your existing home loan or just general advice on home loans, iShare’s experienced brokers are here to help you.
So call iShare now on 0432681020 and let us find the right home loan deal for you and start receiving your monthly cashback reward.
The two Major Banks offering the popular First Home Loan Deposit Scheme (FHLDS) are opening their waitlists for the additional 10,000 places under the New Home Guarantee from today. The New Home Guarantee provides government guarantees to first home buyers loans on new homes and newly built homes.
The expansion of the Scheme is designed to provide more opportunities for Australians to enter the housing market, with the focus on new builds giving support to the housing construction industry.
If you are interested in finding out how to request to join the waitlist for the New Home Guarantee call iShare on 0422126430 and speak to one of our experienced brokers today.
Is the interest rate on your investment home loan too high? With interest rates at current record-lows, you might be paying too much on your investment loan.
A recent survey carried out by Property Investment Professionals of Australia (PIPA) revealed that more than a third of investors would consider moving their portfolio to take advantage of interest rates that are just half a percentage point lower than their existing home loans.
The other two thirds of investors surveyed would consider refinancing for a rate that was 1% lower. The report mentions that many investors are coming off fixed rates and are refinancing to obtain rates that are one, or sometimes two, percentage points lower than what they had been paying.
The survey also pointed out that a majority of investors used mortgage brokers to find a better home loan deal.
So, if you would like a professional mortgage broker to look at finding a better deal for you, then why not call iShare Cashback Mortgage Brokers today on 0422126430 for an obligation free chat?