Can gifted funds towards a 85% home loan come from a friend?
yes.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Even upto 95% is acceptable although the rate and the credit underwriting get a little tougher.
Richard Taylor | Australia's leading private lender
100% even better
Nah GOM we are good but not that good.
Richard Taylor | Australia's leading private lender
Richard, Wouldn't it be easier to finance with 100% gifted fund from a friend?
Not sure if i fully understand the question.
You can still arrange a 95% lvr with a gift but if someone gifted you the acqusition costs couldnt borrow 100% from a lender.
Tell me if i am miles off.
Richard Taylor | Australia's leading private lender
just sarcasm …. borrow ZERO dollar from the lender with 100% purchase price funded from friend
Oh thats ok i can handle that lol
Richard Taylor | Australia's leading private lender
THANKS GUYS!!
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