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Archive for November 24th, 2009


Ins and Outs of the First Home Buyers Loan

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...

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