NEW changes by the banks to the way home loans are provided:
according to the Major Banks you must have at least 10% of the purchase price in
- "genuine savings"
- "saved over a 12 month period"
- "Can not use the FHOG as savings"
Q. Is it possible to get a 90% no genuine savings loan and use my FHOG with savings or a gift
Answer: YES
Can I buy an investment property for 100%
YES
what if you dont have 5% genuine savings or 10% deposit is there another way.
Yes
But you must have a clean credit file
Check your credit file NOW
order a copy of your file
so there are no problems Later.
"what if" Question
I dont have 10 % deposit
I dont have security to use
I dont have gifted funds
I dont have FHOG coming
YET I still want a house
is there a company that can help
FIRST STEP HOMES
Conditions apply
tell them as much details as you can and provide a contact number
