All Topics / Finance / Need 90/10 non-genuine savings loan

Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of cherubcherub
    Participant
    @cherub
    Join Date: 2004
    Post Count: 3
    August 13, 2004 - 11:28 am

    Hey guys, Does anyone know a lender that will do a loan at 90% LVR with the 10% deposit from non genuine savings? (ie a gift).

    Its for an IP.

    I think HSBC will do it, but then I think you must have 3% genuine.

    Please help!!

    Cherub

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    August 13, 2004 - 1:28 pm

    There are several – any decent broker should be able to help you here.

    Regards,

    Simon Macks
    Mortgage Broker
    http://www.mortgagehunter.com.au
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of DanTheManDanTheMan
    Member
    @dantheman
    Join Date: 2003
    Post Count: 100
    August 18, 2004 - 4:04 am

    Good question, what about a 95% LVR with no genuine savings?

    Dan.

    Looking for positively geared property? Check out http://www.positivelygeared.com.au

    Profile photo of Stuart WemyssStuart Wemyss
    Member
    @stuart-wemyss
    Join Date: 2003
    Post Count: 598
    August 18, 2004 - 6:42 am

    St George No Depsoit loan will do 100% (up to $600k) with no genuine savings.

    Cheers

    Stu

    Profile photo of MortgagekidMortgagekid
    Member
    @mortgagekid
    Join Date: 2004
    Post Count: 7
    August 26, 2004 - 5:53 am

    hey,

    off the top of my head the IMB have a 90/10 product or you could look at there 97% loan.

    Cheers,
    Kayne[cap]

    Free Service-7 days!

Viewing 5 posts - 1 through 5 (of 5 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.