Are you struggling to save a deposit to buy your First Home?
Just can’t save the full 20% deposit for your dream home?

Why not let the Federal Government help you into your first home, through their First Home Loan Deposit Scheme?

What will happen….

From 1 January 2020, eligible first home buyers with a 5% deposit can get a home loan without paying lenders mortgage insurance (LMI). This LMI premium is normally payable on any loan where the applicant needs to borrow more than 80% of the purchase price + costs.

There are certain eligibility criteria that must be met before you can apply for this particular scheme, so you need to get in early to see if you qualify!

The scheme is limited to only 10,000 borrowers each year!!

So….don’t delay – call a home loan expert today at iShare Cashback Mortgage Brokers on 0422126430 to discuss your plans to purchase and more information regarding the scheme.

The banking royal commission has recommended that the trail commissions paid to mortgage brokers be abolished in the future. iShare Cashback Mortgage Brokers already rebate these commissions to their clients as part of their Cashback Model, unlike the majority of brokers who keep these commissions. By iShare rebating these commissions to their clients allows them to pay down their mortgages sooner.

We understand that those trail commissions already in the system will be honoured and will continue to be paid. So its business as usual for iShare Cashback Mortgage Brokers who will continue to return these to their clients until the legislation is changed to reflect otherwise.

So if you are looking at purchasing that dream home or refinancing your existing loan this may be the perfect time for you to talk to us.