borrowing over 100%?

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logan
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Joined: Wed Jun 24, 2009 4:59 pm

borrowing over 100%?

Post by logan »

Are there any lenders that will lend more than 100% of the contract price???

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Otto Dargan
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Re: borrowing over 100%?

Post by Otto Dargan »

Yes you can borrow over 100% of the purchase price but only if you have a family pledge home loan or similar type of loan. You can then borrow to pay for the costs of buying a property (stamp duty, legal fees etc) and also can roll some of your debts into the home loan at the same time.
Otto Dargan
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P | 1300 889 743
Home Loan Experts

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