When looking around for a no deposit home loan, I came across a site called http://www.nodepositplus.com For every new no deposit home loan they are also giving a $1,000 furniture package, irrespective of loan size. Is there anyone else that is giving a better deal for first home buyers?
ThanksWhat are the other features of the loan ie interest rate, fees etc? A $1k furniture package sounds nice, but is not so attractive if the loan is going to cost you more than that compared to other 100% loans on the market
The funds to complete purchase can vary from lender to lender, as each lender can have a different agreement with a mortgage insurer. For example the two main LMI competitors are GE and PMI, then there are some lenders who can self insure their loans. A Mortgage Insurer may provide a higher level of service and better rates to a particular lender, if they are the first choice for their LMI requirements.
Other factors are:
Fixed or Variable?
Offset or No offset?
Ongoing fees or none.
Application fee?
Solicitors fees?
Add the differences up with all these fees and i’m sure you will find that you are paying for that furniture in some way inside of incresed fees. Unless of course its a short run promotion to gain exposure and leads.. if so.. go for it.Regards
Colin Kidd
Loan Saver Network
http://www.loansaver.com.aulsn | Loan Saver Network
https://loansaver.com.au
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