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?
100% Deposit
- Otto Dargan
- Mortgage Specialist
- Posts: 7730
- Joined: Sat Sep 06, 2008 5:55 pm
- Location: Sydney, Australia
- Contact:
Re: 100% Deposit
The only way this is possible is with a guarantor loan. You would need to get what is known as a security guarantee.
Re: 100% Deposit
Thanks for your reply.
My patents would be happy the only issue is they live in New Zealand.
Can this be done still ?
My patents would be happy the only issue is they live in New Zealand.
Can this be done still ?
- Otto Dargan
- Mortgage Specialist
- Posts: 7730
- Joined: Sat Sep 06, 2008 5:55 pm
- Location: Sydney, Australia
- Contact:
Re: 100% Deposit
If they have a property in Australia then no problem. If the property is in NZ then it cannot be done.