Compared to standard loans, what are the extra requirements for a 100% finance loan? Is extra security required?
Help appreciated.
Cheers
“Looking forward to the day when I can tell the boss where to go”
you will pay at least 0.3% above standard variable rates, plus an additional fee of 2.5% of the purchase price.
you will need to demonstrate this 2.5% at time of application, plus quite stringent employment, credit and residential stability, oh, and your credit history will need to be squeaky clean.
at least one of the providers of 100% finance is a very large aust bank, and it is possible to secure finance exceeding 100%
cheers
brahms
If you don’t ask, the answer is no!!
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