


Hi Mick, I specialise in helping people with little or no deposit. A Family Guarantee allows a family member to use the equity in their home as security for your loan. Importantly, 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 loan. You can click on my profile and I will phone you back. Regards Craig Tracey


If you are a First Home Buyer (subject to state), you can use just the FHOG to purchase a brand new property around the $400k mark. You can purchase a property with as little as 5% deposit + costs (aprox $3k) IF you are using another property as collateral (like a parents as a guarantor), then you can lend the full purchase price and in some cases, costs and minor debt consolidation. Please let me know if we can be of any further assistance. Scott

Hi Mick, most lenders require 5% deposit, and then if you capitalize lmi their are options to lend up to 99% of purchase price. However, if you have someone that would put up the equity in their property as a Security Guarantee then it is possible to borrow 100% plus costs. I am happy to look into this further for you. I am located on the Gold Coast and you can contact me through my profile. Best Regards Nikki

Mick, in the strictest terms, no lender will do 100% lending, highest is 98%. As mentioned, a family member can do what is called a security guarantee, but this is providing some of their equity increasing the 'value' that is being borrowed against. You could also get the 5% minimum deposit elsewhere, such as a gift or personal loan. (Still have other costs though).

It is an interesting question Mick. If you are asking if it is possible to get a bank to loan you 100% then the answer is no. Yes, there are other ways of putting in the equity whether it be a top up from a family member or a kick in from a builder but in essence these are not 100% loans. Drop me a line if would like to chat about the options available to you. Have a great day.

Glenn
Hi Mick, I hope you're well? There are ways of getting a 100% + costs loan and these are usually obtained by using an immediate family member's existing property as security or collateral. They are called a family guarantee or family pledge loan. If you need further information about these types of loan, please feel free to contact me via my profile link and I would be happy to assist you? Kindest Regards. Glenn Rowan