Please contact us anytime.
We are open 7 days a week. Please contact us on 0411 229 602 or email troy@pmbg.com.au
Welcome to Perth Mortgage Broker Group
Helping With Your Dream Home
Welcome to Perth Mortgage Broker Group. We are a mortgage broking business located in Yokine, Perth. We offer a variety of home loans with many banks and lenders and we are open seven days a week. Our contact number is 0411 229 602 or email troy@pmbg.com.au.
Australian Government 5% Deposit Scheme
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The Australian Government 5% Deposit Scheme was formally known as the first home guarantee scheme.
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The Australian Government 5% deposit scheme is a federal government backed scheme, where the government will guarantee your home loan, and you would not pay a mortgage insurance fee if you are an eligible first home buyer or you haven't owned a property for more than 10 years.
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The Australian Government 5% deposit scheme means an eligible first home buyer or people who haven't owned a property for more than 10 years, may be able to borrow up to 95% of the property value, and not pay a mortgage insurance fee, as the federal government will guarantee the home loan for the bank. The first home guarantee scheme is administered by the National Housing Finance and Investment Corporation (NHFIC).
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If you are an eligible first home buyer or haven't owned a property for more than 10 years, the home guarantee means you might able to purchase your home with less deposit, and not pay a mortgage insurance fee.
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The scheme is available for both buying an existing home or if you would like to build your first home. Please note there are conditions to the Australian Government 5% deposit scheme, so please contact your mortgage broker, before you enter into any property transactions, to check your eligibility.
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Please note too, if you are eligible for the Australian Government 5% deposit scheme, you may still be eligible for the first home owners grant in Western Australia too, so it is worth checking with your mortgage broker, to see what you might be eligible for, before making any decisions.
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Some of the conditions of the Australian Government 5% deposit scheme -
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- You must be an Australian Citizen or a permanent resident of Australia ( Permanent resident has the same meaning as in the Australian Citizenship Act 2007 (Cth),)
- The property you buy must be owner occupied ( You must live in the property)
- You must be a first home buyer or a previous home owner who hasn't owned a property in Australia in the last 10 years.
- Be at least 18 years of age
There are maximum purchases prices based on location in Western Australia, they are -
1/ In a capital city (Perth) - $850,000
2/ In other parts of the state in Western Australia - $600,000
Not all banks or lenders are participating in the Australian Government 5% deposit scheme, so if you have any questions contact your mortgage broker to find which lenders or banks are participating in the scheme.
If you would like some more information about the Australian Government 5% deposit scheme, please contact Perth Mortgage Broker Group , or call Troy on 0411 229 602, 7 days a week
Construction Home Loans
If you are thinking of building a new home, we have many construction home loan options available.
Perth Property Reports
As part of our service, we are offering free Perth property reports on as many properties as you like.
First Home Buyers
We have a range of home loan options, and also help with applying for the Australian Government 5% deposit scheme and the first home owners grant.
Buying Your Next Home
If you are thinking about buying your next home, we can help with a variety of different options.
Investment Home Loans
We have many investment home loan options available if you are thinking of purchasing an investment property.
Compare Your Home Loan
Our obligation free online home loan health check may help you save some money, even on your existing home loan.
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0411 229 602
troy@pmbg.com.au
7b Spencer Avenue, Yokine
WA, 6060