Myth 5: You have been out of the market for a while and do not have a deposit, so there is no hope… As stated earlier, you cannot buy a house without a deposit this much is true. What is not true is that you need to have the deposit. Confused? Don’t be. We have […]
Myth 4: If you are a first home buyer and you want to use your First Home Buyers Grant as your deposit, you must build a new home… While the First Home Buyers Grant is not a bank funded grant, there are certain requirements to qualify for this grant. However that you must build a […]
Myth 3: If you do not have a deposit you need to be renting through a Real Estate Agent for at least 6 months to show “genuine savings”… It has been said that if you are finding your deposit from outside genuine savings, that you must be renting through a Real Estate agency for at […]
Myth 2: You need to be in your job one year FULL–TIME In a perfect world, one year of full-time employment would be great. Same job, full-time employment for over a year, and truth be told it does look good on your application, however, it is not always the case. What options other than one […]
Myth 1: You need 20% deposit to purchase a home… Banks fail to tell you the required amount you ACTUALLY need and the different options available to you. They will however, always tell you that you need 10-20% deposit to buy a home. You do need some form of deposit to buy a home, however, […]