Are you a first home buyer in Perth struggling to save for a hefty deposit? Keystart Finance could be the key to unlocking your dream of homeownership! In this episode, we break down how Keystart home loans work, who qualifies, and why this initiative is a game-changer for those looking to enter the property market with a low deposit. Join us with Alun Vernals from Finance 365 as we explore the pros, cons, and insider tips to help you navigate Keystart and secure your first home sooner.
What You’ll Learn in This Episode:
• What is Keystart? Understanding the government-backed low-deposit home loan scheme.
• Eligibility Criteria: Who can apply for Keystart loans in Perth?
• Deposit & Income Requirements: How much do you need to save, and what are the income limits?
• The Benefits: No lender’s mortgage insurance (LMI), low deposit requirements, and flexible terms.
• The Drawbacks: Higher interest rates and loan refinancing considerations.
• How to Apply: Step-by-step guide to starting your Keystart application.
• Expert Tips: How to make the most of your Keystart home loan and avoid common pitfalls.
With rising property prices in Perth, Keystart can be a lifeline for many aspiring homeowners. Understanding the ins and outs of this financing option can put you ahead in the game and get you into your own home sooner rather than later. About Build Out West Podcast: We created Build Out West Podcast to educate people about home building, and provide valuable information related to the builder broker game. Our industry experience gives us a unique insight into the nuances of builder relations and how it ties up to the other aspects of the build including land, and finances. Different markets and changes need different builders. Our industry linkages give us the ability to match you with the right builder for the job.
Our Links: TikTok: https://www.tiktok.com/@buildoutwest
Instagram: https://www.instagram.com/buildoutwest/
YouTube: / @buildoutwestpodcast