Little known about the scomo home loan scheme that starts in January 2020.
From what I know the number of first home buyers are much higher than 10,000 in any year and there may be a crowd of buyers lining up in Jan 2020 to use this scheme.
1) It looks like it may be first comes first served (not sure though), and if that's the case would it be good to approach the banks say in November or December to apply for a pre-approval or something?
2) Is it even worth the increased interest rate that maybe associated with 95% LVR?
It's a BIG Ponzi tht they will do whatever they can to keep going.
Problem is they can't it will collapse and the last in (You) will suffer the most.