Kates’ First Home

Kate came to us late last year when she felt she was ready to buy her first home. She wanted to know how much she would be able to borrow and what the estimated repayments would be.
We ran through a couple of scenarios with her and what deposit would be required for each scenario. Kate then took a couple of months to find her perfect home.

This worked out really well for Kate as while she was house hunting, the government announced the First Home Loan Deposit Scheme (FHLDS) which allowed us to sign Kate up to the scheme where she would pay no Lenders Mortgage Insurance (LMI).This meant Kate paid no stamp duty or LMI and was able to get an interest rate starting with 2!We are so happy to have been a part of Kate getting into her first home and hope it’s perfect for her for many years to come.