Search found 3 matches

by Camdem
Thu Sep 19, 2019 9:04 pm
Forum: Home Loan Forum
Topic: Can I get a home loan with only $5,000 deposit?
Replies: 5
Views: 1951

Re: Can I get a home loan with only $5,000 deposit?

Besides having sufficient equity, what factors do lenders look into so my parents can qualify to be a guarantor?
by Camdem
Thu Sep 19, 2019 8:41 pm
Forum: Home Loan Forum
Topic: Can I get a home loan with only $5,000 deposit?
Replies: 5
Views: 1951

Re: Can I get a home loan with only $5,000 deposit?

Thanks for the options. Unfortunately, I don’t think my parents can help me as they are already paying a mortgage on their loan. Or can they still help me?
by Camdem
Thu Sep 19, 2019 8:18 pm
Forum: Home Loan Forum
Topic: Can I get a home loan with only $5,000 deposit?
Replies: 5
Views: 1951

Can I get a home loan with only $5,000 deposit?

What are the possibilities of getting a home loan with only a $5,000 deposit? I earn $65,000 annually and have good credit. The reason why my deposit is so low is that I just. I am currently paying $850 p/w on rent at Gold Coast and hope to buy a property there which is valued at around $450,000.

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