100% Deposit

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kiwizz
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Joined: Wed Jan 06, 2010 5:53 pm

100% Deposit

Post by kiwizz »

Can you borrow $400,000.00 without any savings?
I have $65,000.00 in equity in a business but don't want to sell those for the deposit.
So I don't have any free cash for a deposit that why Im asking if you can borrow 100% of the loan?

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Otto Dargan
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Re: 100% Deposit

Post by Otto Dargan »

The only way this is possible is with a guarantor loan. You would need to get what is known as a security guarantee.
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kiwizz
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Joined: Wed Jan 06, 2010 5:53 pm

Re: 100% Deposit

Post by kiwizz »

Thanks for your reply.
My patents would be happy the only issue is they live in New Zealand.
Can this be done still ?

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Otto Dargan
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Re: 100% Deposit

Post by Otto Dargan »

If they have a property in Australia then no problem. If the property is in NZ then it cannot be done.
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P | 1300 889 743
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