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TL;DR – **Extra repayments cut years off a mortgage** and save up to $60 k in interest when made early in the loan term.
– **Regular boosts** (e.g., $100/month) or **fortnightly payments** accelerate payoff without changing your budget.
– **Lender limits** exist; check your loan terms before com

TL;DR – A 20 % deposit is *not* a legal requirement for buying a home in Washington State.
– Lenders can approve loans with deposits as low as 3 %‑5 % if other underwriting criteria are met.
– The main consequence of a lower deposit is the need for private mortgage insurance (PMI), which protect

TL;DR - Set a realistic deposit target by understanding WA’s minimum‑deposit rules and local market prices.
- Tap into state‑backed assistance programmes (e.g., WA First‑Time Home Buyer Program) to cover part of the deposit or cover closing costs.
- Choose low‑deposit loan products (3 %–5 % down

TL;DR – Washington State Homeownership Resource Centre (WSHFC) offers a step‑by‑step pathway that starts with free education and ends with state‑backed down‑payment assistance.
– First‑time buyers can tap into FHA, VA, and HomeReady™ programmes that lower credit and down‑payment thresholds.
– Re

TL;DR – **Broker‑driven advantage**: They handle paperwork, negotiate with lenders, and access a wide product range.
– **Commission‑based incentive**: Brokers earn from lenders, not borrowers, motivating them to secure the best deal.
– **Thorough financial assessment**: Brokers analyse income st

TL;DR – The Australian government’s **First Home Guarantee** lets eligible first‑home buyers purchase a property with only a **5 % deposit** (95 % LVR) and **no lenders’ mortgage insurance (LMI)**.
– The scheme has already helped more than 180 000 buyers and could save the sector about **$1.5 bill

TL;DR – **Deposit myths** – A 20 % deposit is *not* a hard rule; 5 % deposits are possible with LMI or government schemes.
– **Credit myths** – A perfect credit score is not mandatory; lenders weigh income, employment, debt‑to‑income ratios and other factors.
– **Income myths** – Low‑income borr