Episode 83 - How Much Deposit Do You Actually Need?

📌 Episode Summary: Buying your first home?

You might be wondering how much deposit you actually need to get started. In this episode, we break down the deposit requirements, how lenders assess your savings, and the different government schemes that can help you buy with as little as 5%. 

Key Takeaways:

• The difference between a 20%, 10%, and 5% deposit
• How Lenders Mortgage Insurance (LMI) impacts your deposit
• Government schemes that help reduce your upfront costs
• Hidden expenses you should budget for

🔗 Resources Mentioned:

• First Home Guarantee (FHG)
• First Home Owner Grant (FHOG)
• Book a Free Mortgage Strategy Session

📢 Subscribe & Follow:

• 🎧 Subscribe on Apple Podcasts | Spotify | Google Podcasts
• 📸 Instagram: @360mortgagesolutions
• 📘 Facebook: https://www.facebook.com/360mortgagesolutions/

💬 Got questions? Send us a DM or book a chat—we’d love to help you get into your first home! 🚀