Thoughts on FHG?
Is it better to save for a more substantial deposit as a FBH or to use the FHG to put in a 5% deposit (without LMI) and get into the market sooner?
I’ve heard from some that the 5% deposit risks being caught in a mortgage where you’re only servicing interest, which sounds like a worrying trap.
u/Inevitable_Floor_735 — 3 days ago