Are you a single parent, wanting to own your own home?

Let’s be honest – raising kids is tough and exhausting at the best of times. But when you’re doing that on your own, it’s even harder….but rewarding. You may have been through a difficult time in your life such as a separation or divorce that has meant that you are entering a new phase of home ownership and wondering what your options are.

The good news is that there are some specific government assistance programs designed to help single parents with the main feature being that you only need a 2% deposit rather than the normal 20% – and there’s no lenders mortgage insurance LMI to pay.

Or you may want to consider utilising a family guarantee/ pledge to help get you and your kids into their new home soon without needing any deposit at all.

You’re probably also worried about how much you can actually borrow and whether you can even get a home loan on just one income. With access to 32 different lenders, we often find that there is a variance of hundreds of thousands of dollars between lenders, so we can help you understand your borrowing capacity – and tips to increase it.

At EDucation Home Loans, we understand that this phase of your life is already emotionally difficult, and we want to help make the next stage of home ownership achievable for you and your kids….because you deserve it.