Ever thought that a Personal Loan can help fulfill your dream of owning a home sooner?
With the rising prices of property across Australia, the dream of owning property is getting harder for some people. The associated costs of buying a home including legal fees, stamp duty and shortfall in the 20 per cent deposit to offset Lenders mortgage insurance (LMI), can add up to quite a sum.
Reaching out to friends and family for funds can be a option but another, possibly less intimidating option could be opting for a personal loan. You will still need to have genuine savings for most of the initial deposit, which for most home loan lender is a minimum of 5% of the purchase price of the property.
Take a advantage of our Property Buying Cost Calculator to see the cost you will need to consider when buying property
The smart thing to do once you feel that you are ready to commit to buy a home, have a good portion of savings to contribute and your credit history is in reasonably good shape, speak to our finance consultants and home loan broker and see how we can help you reach your goal sooner.
Don’t forget… when there’s a will, there’s always a way.