There are many types of loans for first home buyers, but many have several things in common. Firstly, the lender wants to see a deposit of some kind ‘ often it is 5% of the purchase price of the home. If the borrower cannot offer that much, the interest rate goes up. If the deposit is under 20% you will probably have to pay lenders mortgage insurance. Lenders also like to see at least 6 months of solid saving ..read more Read More...
-
Recent Posts
Categories
Pages

