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"Tips to Kickstart Your Home Deposit Savings Journey"

  • Writer: Shaun Chaudhry
    Shaun Chaudhry
  • Oct 11, 2024
  • 1 min read

Hi there,


Saving for a home deposit is one of the biggest hurdles for homebuyers. While it might seem overwhelming, we’re here to share some practical tips that can help make it more manageable!


You might be surprised to learn that you don’t always need a full 20% deposit to secure a home loan. By exploring options like guarantor loans and leveraging creative savings strategies, you can fast-track your journey to owning your dream home.


Here’s what you should know:

  • How much deposit you actually need – It might be less than the typical 20%, depending on your loan type or if you qualify for government assistance.

  • Smart ways to save – From automating your savings to cutting unnecessary expenses, there are efficient methods to help you build your deposit faster.

  • Take advantage of grants and schemes – If you’re a first-time buyer, don’t forget to look into government incentives and grants, which can significantly reduce the amount you need to save.


With these strategies, you can overcome the deposit challenge and take a big step toward homeownership.


For more detalis contact Saurabh at Proactive Lending Solutions:

Contact-0424513740

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info@proactivelending.com.au

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