Hi Ampie, There are lots of of options to borrow with less than 20% deposit, however most of the time there will be mortgage insurance payable which can be added to the loan. As long as you can service the loan you could potentially even 95% of the property price. Borrowing capacity is worked out using combined household income and liabilities as well as taking into account your monthly living expenses etc I would definitely explore borrowing with less than 20% deposit and paying mortgage insurance to purchase your own home sooner and start building equity. Cheers,
Hi Ampie I can definitely help you in putting your right foot ahead. I can understand it's a hard decision to start with the process thus, you would need to see an experienced broker for this. I can answer all your questions and get you the best results for your home loan. Please contact me through my profile to have a chat about it. Regards Rashi
Hi Ampie, I hope you're well? Thanks for your questions. Please get in touch through my profile link and I can assist with the information you need to move forward with your goals? The best thing to do is to have an experienced broker look at your situation and to have them assist with any options available and to provide you the relevant information to reach your goals. I have access to over 40 lenders and I have helped many people achieve their dreams and goals of buying their home. Kindest Regards. Glenn Rowan
Hi Ampie - lender can use casual income from 3 months - with other taking 6-12-24. If you are looking for your own home, you can borrow to 95% + 2-4% of the costs. LMI is payable > 80% and it saves if you have the deposit - but not mandatory - if you can service the loan. for a $1.2M purchase at 90% you would require $203k deposit (inc stamp duty etc) or at 95% $179k - and if you can service the loan we can add 2-4% of the costs (depending on lender).
Hi Ampie, I specialise in helping people to buy their next home. I will take the time to understand your current situation and your financial goals for the future. Then give you all the information you need to make the right decision for your purchase. You can click on my profile and I will phone you back. Regards Craig Tracey
Hi Ampie. I can definitely help you! There are several options in the market for customers who wish to borrow but are unable to provide the 20% deposit/stamp duty upfront. This kind of lending is my specialty. Check out my profile and feel free to give me a call if you're keen to chat more. Hope to hear from you soon. Iva R.
Oktay
Hi Ampie, Its great that you are looking to get back into the property market. We can definetely help you understand all your options. Feel free to check out my profile and contact me. Oktay