All Topics / The Treasure Chest / Borrowing

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of lukeniclukenic
    Member
    @lukenic
    Join Date: 2003
    Post Count: 0
    September 10, 2003 - 12:23 pm

    you seem to suggest that one should not borrow more than 80% …where does a 20-25 yo witha HEcs DEBT OF 20000 GET THE NECESSARY 20% DEPOSIT even for a very very modest 200,000 prop0erty

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    September 10, 2003 - 12:27 pm

    You can borrow up to 95% if your income allows. You will need to pay Lenders Mortgage Insurance which might be around $3500 – 4000.

    Cheers

    Simon Macks
    Mortgage Hunter
    [email protected]
    0425 228 985

Viewing 2 posts - 1 through 2 (of 2 total)

The topic ‘Borrowing’ is closed to new replies.