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Latest News

Latest News

The earliest data from FHB scheme

The National Housing Finance and Investment Corporation (NHFIC) has shared the earliest data available from the First Home Loan Deposit Scheme's (FHLDS) first month of operation.

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First Home Buyer Loan Deposit Scheme

The Senate has passed the legislation that will move the First Home Loan Deposit Scheme closer to becoming a reality. The passage of the bill, originally introduced one month ago, means the National Housing Finance and Investment Corporation (NHFIC) will be able to offer the deposit guarantees underpinning the scheme. Further, the legislation establishes a new housing research function within NHFIC, supported by $25min funding, to investigate housing demand, supply and affordability.

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Is a Family Guarantee right for you

Entering the property market is no easy feat for a first homebuyer, but even parents who aren't prepared to hand over cash for a deposit may help by being a guarantor on a loan. Before taking the plunge however, it's crucial to be aware of the implications involved. Here are three questions to ask yourself to see if a family guarantee is right for you:

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Home Loan Preapproval

Pre-approval is a lender's assessment of your likelihood of being approved for an otherwise suitable loan. The appraisal is made on the basis of your ability to service a loan by looking into your living expenses and liabilities, your credit history, your employment circumstances and how often you have moved home or employment in the recent past.

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