No Deposit Home Loans
Owner Occupier or Investor . With the introduction of banking deregulation, an entire flotilla of non bank bank lenders has entere the market place providing home loan products that were previously not available in the Australian Home Loan Marketplace. More info
No Fees For the LIFE of your Loan with a Flexi Choice Loan
100% Owner Loan + 106% Owner Loan + 106% Investor Loan
No other property required as security . There are many lenders that promote 100% or no deposit home loans and no deposit investment loans. BEWARE, there are a lot of lenders that require an additional property with enough equity to offer as security over your loan. If you personally do not own property then the lender will request that you use your parent's home as security which means the lender now holds control not only on the new property you purchase but also over a family member's property. At Mortgage Buddy, we provide a true 100% or 106% Home Loan where no security is held over any property other than the one you purchase.
There are many imitations of No Deposit Home Loans. Find the right home loan that does not require you to provide other security.
If, however, you do have other security you wish to use, then Mortgage Buddy can arrange a variety of alternate loan options.
100% Home Loan
100% Home Loans do not require you to have a deposit to purchase a home and you can use additional borrowed funds to pay any LMI charges or you can simply borrow all your fees including Stamp Duties, Mortgage Duties and Mortgage Insurance.
97% plus LMI Capped
Yes, it is possible that you do not require a deposit if you are elegible for the FHOG. LMI (Lender's Mortgage Insurance) is capped onto the loan which means you can use your grant as your deposit.
106% Home Loan
106%, perfect if you are wanting to get into property and you have no saved deposit and are not elegible for the FHOG. Use this as a stepping stone to fastrack becoming a home owner. Pocket your FHOG and use for any purpose you wish.
106% Investment Loan
106% Investment, why wait? Borrow all the associated costs related to purchasing your investment property and the best news is you do not need additional property as security.
Graduate Home Loan
Is your HECS debt stopping you from owning your own home? It doesn't have to with the revolutionary graduatehomeloan PLUS.
Equity Investment Finance
EFM is not like regular second mortgages, as it allows you to borrow up to 20% of a property's value. There is no annual percentage rate applicable to an EFM......More on EFM