Even though everyone deserves a chance to own their dream home, mortgages can be expensive. They can be especially difficult for those who live with a permanent or significant disability. If you or a child suffer from such a disability, and it affects your ability to earn an income, the Australian National Disability Insurance Scheme (NDIS) may be beneficial.
The Basic of NDIS and How It Impacts Homeownership
The goal of the NDIS is to connect an estimated 4.3 million Australians who live with permanent or significant disabilities with the community services they need. Australians who receive the funds can use them to cover expenses for everyday personal activities, transportation costs and needs, as well as home modification projects. These home modification projects include renovations and construction. In addition, this program can be used in conjunction with other services provided by the Australian government.
How Mortgage House Can Help
At Mortgage House, we take pride in our innovative and forward-thinking approach to home loans. While the National Disability Insurance Scheme may not be able to be directly applied towards your mortgage repayments, our lending specialists are dedicated to working with you to find the perfect repayment option. In addition, we will take a look at your current financial situation and homeownership status to help you remain in your home. If you are looking to purchase a home while receiving funds from the NDIS, we can help you find a home loan with low interest rates using one of our innovative home loan options.