Guest rox44 Posted July 8, 2009 Share Posted July 8, 2009 Hi We really want to take advantage of the 1st home buyers grant but we will still only have enough for a 5% deposit at the end of the year, does anyone know which banks etc will give us a mortgage if we only have 5% to put down. thanks:notworthy: Link to comment Share on other sites More sharing options...
Guest traybears Posted July 9, 2009 Share Posted July 9, 2009 Hi,Sorry i can't help more but maybe try a independant morgage broker,good luck,Tracy.xx. Link to comment Share on other sites More sharing options...
Andrew from Vista Financial Posted July 9, 2009 Share Posted July 9, 2009 Hello What part of Australia are you looking to move too? Andy Link to comment Share on other sites More sharing options...
Guest rox44 Posted July 9, 2009 Share Posted July 9, 2009 Hi Andy We are already living in Perth, have been told today that unless we have at least 3% genuine savings then no one will give us a mortgage. Link to comment Share on other sites More sharing options...
Mongrel Posted July 9, 2009 Share Posted July 9, 2009 Hi Andy We are already living in Perth, have been told today that unless we have at least 3% genuine savings then no one will give us a mortgage. Govt keystart do a lpw deposit mortgage but its only for new builds maly Link to comment Share on other sites More sharing options...
Guest rox44 Posted July 9, 2009 Share Posted July 9, 2009 thanks mally, already tried them but the max they will lend is only $412,000 need a little bit more than that, so i suppose just have to keep saving and be happy in the rental ! Link to comment Share on other sites More sharing options...
Guest thlo Posted July 15, 2009 Share Posted July 15, 2009 That's always the catch isn't it? When you find a low deposit solution then the amount you can borrow is less than it would be with a lender that requires a larger deposit. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.