first home buyer loan Canberra
                     first home buyer 
loan Canberra
https://ingenious-finance.com/buying-your-first-ho
me/
Buying your first property in Canberra is an exhilarating 
milestone, and there are government grants available at both 
the federal and state levels for eligible first home buyers. These 
grants are specifically designed to assist individuals in entering 
the property market and are applicable to those purchasing 
their first home for residential purposes. 
Deposit/ Savings and LMI
• Regardless of your current financial situation, there are numerous options 
available to you. If you require a first-time homebuyer loan, there may be specific 
asset requirements. It is recommended that your savings account holds at least 
5% of the property value for a minimum of one month. The deposit amount can 
range from 0% to 20%. Maximum rates apply to certain regions and individuals 
with poor credit ratings. If you have a guarantor, it is possible to borrow up to 
100% of the total property value. LMI can be advantageous for first home buyers 
looking to enter the market sooner without a substantial deposit. However, if you 
have the time, saving up a 20% deposit can help you bypass the additional cost of 
LMI and ultimately pay less interest over the loan’s term.
• https://ingenious-finance.com/buying-your-first-home/
Consider a Building 
Inspection
• Engaging a professional for a building inspection can 
unveil any defects, damages, or potential issues that a 
property may have, allowing you to avoid unpleasant 
surprises. Conducting an inspection on your prospective 
new home can help you prepare for any future expenses 
or make an informed decision to avoid properties with 
significant concerns.
• https://ingenious-finance.com/buying-your-first-
home/