borrowing over 100%?
borrowing over 100%?
Are there any lenders that will lend more than 100% of the contract price???
- Otto Dargan
- Mortgage Specialist
- Posts: 7730
- Joined: Sat Sep 06, 2008 5:55 pm
- Location: Sydney, Australia
- Contact:
Re: borrowing over 100%?
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.