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Did you know there's a way In Australia to buy your first home, with $0 in the bank and it also means the bank won't charge you up to $40,000 in lenders mortgage insurance. But your parents have to be willing to go guarantor. This means they need to own a home and have equity in their home that can be used as security for your home purchase. The usable equity is the difference between the outstanding amount on their mortgage and up to 80% of their home value. For example, if your parents have a $700,000 home with a $400,000 mortgage, they can guarantee up to $160,000 of your home purchase. This means you can buy a home between $600,000 and $700,000, depending on your state and your eligibility for stamp duty exemption. If you're not in that position, your next best option is to secure a spot in the first home guarantee program. With this program, you can buy a $500,000 home with $25,000 in the bank. Remember your first home doesnt need to be your forever home, its just a stepping stone. For more info https://www.huntergalloway.com.au/ DISCLAIMER: Full Disclaimer here – https://www.huntergalloway.com.au/you... https://www.huntergalloway.com.au/mor... For home loan enquiries https://www.huntergalloway.com.au/con... Find Jayden here: https://www.huntergalloway.com.au/fre... / mortgagebrokerbrisbane https://www.huntergalloway.com.au/mor... / jaydenvecchio T: 1300 088 065 E: https://www.huntergalloway.com.au/con... Mortgage Broker Brisbane - Hunter Galloway Head Office: 3 Latrobe Tce Paddington QLD 4064 PO Box 841, Paddington QLD 4064 CBD Office: Level 20, 300 Queen Street Brisbane, QLD 4000 Hunter Galloway are an Award Winning Mortgage Broker based in Brisbane. We help clients from our local area, Australia, and all over the world. We believe buying a home should be stress-free and uncomplicated, and we will work for you to make your dreams become reality. Next steps and settling your first home Our team here at Hunter Galloway is here to help you buy a home in Brisbane. Nathan & Joshua Vecchio are Senior Mortgage brokers who specialise in making your home journey easy. Unlike other mortgage brokers who are just one person operators, we have an entire team of experts to help make your home loan journey as simple as possible. If you want to get started, please get in touch and we can book a time that suits you – either a phone call information session or a face to face meeting (which doesn’t cost anything for you). https://www.huntergalloway.com.au/con...