Government Home Ownership Scheme
If you're tired of renting or struggling to save a deposit, the Shared Home Ownership scheme is one way you may be able to afford to buy your own home. Shared Home Ownership allows you to purchase a home, with a Shared 15% equity scheme through the Government. The issue with this of course that you will need to pay it back one day.
No one thinks about that. What happens if your home doesn't go up 15% over the next 5 years to be able to refinance it?
You don't own 100 % of your home. Consider the better alternative don't. mumndad.com.au works just like your real mum and dad helping you out to buy your first home. We give you a 5% deposit as an equity deal yet you own 100 % of your home. Yes, you have 5 years to pay it back but it's much more likely your home will rise up in value more than 5% over the next 5 years so therefore you won't have any issues repaying the equity. find out more www.mumndad.com.au
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