95% Loan on a display home

Any general questions you might have in regards to loans and finance.
Post Reply
nchopra
Posts: 1
Joined: Sun Aug 30, 2009 9:13 pm

95% Loan on a display home

Post by nchopra »

Can you please advise, if there are any lenders in market, who can lend me 95% on a display home house. (Mortage insurance compaies are the issue, bank is fine.)

User avatar
Otto Dargan
Mortgage Specialist
Posts: 7730
Joined: Sat Sep 06, 2008 5:55 pm
Location: Sydney, Australia
Contact:

Re: 95% Loan on a display home

Post by Otto Dargan »

95% loans are very difficult to get at present. There is one lender that can consider 95% however their policy is so strict that it is highly unlikely that you can get approval. It is more likely that you will be able to get 90% (inclusive of LMI).

If you can work with a 90% loan or if you have a guarantor that can provide a Security Guarantee then please enquire online or call us and we'll go through your situation in detail.
Otto Dargan
Mortgage Broker
P | 1300 889 743
Home Loan Experts

Post Reply