Search found 3 matches

by Kira
Tue Oct 15, 2019 7:58 pm
Forum: Home Loan Forum
Topic: With our small deposit, what options do we have?
Replies: 5
Views: 38163

Re: With our small deposit, what options do we have?

One last question. Since my husband and I have separate banks, do we have to get the same account to show savings, so is it ok to keep saving in separate accounts?
by Kira
Tue Oct 15, 2019 7:27 pm
Forum: Home Loan Forum
Topic: With our small deposit, what options do we have?
Replies: 5
Views: 38163

Re: With our small deposit, what options do we have?

Thanks for the information. Unfortunately, we don’t have the option of a guarantor loan. But the rent as a genuine savings sounds like a good option. Going through the page, it says I can borrow up to 97% of the purchase price inclusive of Lenders Mortgage Insurance (LMI). Is this true?
by Kira
Tue Oct 15, 2019 6:38 pm
Forum: Home Loan Forum
Topic: With our small deposit, what options do we have?
Replies: 5
Views: 38163

With our small deposit, what options do we have?

My husband and have been renting for the last 4 years and paying $500 fortnightly, and the landlord has just offered us to buy the home at $200,000. We just have $6,000 saved between us and this is the first time we’re buying a home. We had never thought of buying a home. With our small deposit, wha...