Genuine Savings
How To Turn Your Deposit Into Genuine Savings?
Merely having a deposit is not enough! If you are borrowing more than 80% of the property value and you do not have a guarantor, then genuine savings is something that often catches out buyers. It essentially acts as proof that you can handle your money well; i.e. someone who...
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Genuine Savings Changes Huge Win For Home Buyers
One of the biggest barriers to buying a home is saving the deposit but recent changes to lending policies means it’s now easier to get a home loan if you don’t have genuine savings. That’s because Genworth, Australia’s largest Lenders Mortgage Insurance...
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5 Ways To Borrow At A High LVR
5 golden tips to borrow at a high LVR Can you build your genuine savings? Borrowing 90% or more will require you to have at least 5% of the purchase price in ‘genuine savings’ in order to get a home loan with most lenders. For example, you’ll require around $25,000 in...
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