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  1. Shared Equity is an initiative that assists people who are looking to own a NSW property to live in, who might not otherwise be able to purchase a home. You will be able to participate only if you require assistance from both the NSW Government and the lending partner to purchase a home.
    www.nsw.gov.au/housing-and-construction/home-buying-assistance/shared-equity/customer-guide
    www.nsw.gov.au/housing-and-construction/home-buying-assistance/shared-equ…
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    Shared Equity is an initiative that assists people who are looking to own a NSW property to live in, who might not otherwise be able to purchase a home. You will be able to participate only if you require assistance from both the NSW Government and the lending partner to purchase a home. See the glossary for a definition of lending partner.
    Shared equity schemes have been a feature of the mortgage market for several years. They’ve primarily been offered: as part of government initiatives to help first-time buyers onto the property ladder.
    Shared equity mortgages are a type of property financing where the buyer purchases a share of the property while a third party, typically a housing association or the government, provides the remaining share as an equity loan. This allows buyers to afford a property with a smaller deposit and potentially offers lower mortgage payments.
    Under the Shared Equity program, t he NSW Government can contribute up to 40% of the purchase price for a brand-new home or 30% for an existing dwelling. This help participants secure a mortgage, by reducing the deposit required – potentially down to as little as 2% of the purchase price.
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