First Home Buyers September 2019 Update

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Nick Kirlew Darwin Mortgage Broker

Lenders have been improving their offerings to attract First Home Buyers.

Examples of this are:

Genuine Savings

  • Required if the Loan to Valuation (LVR) ratio is above 90%
  • 6 months of paying rent will meet this requirement
  • Funds held in an Other Financial Institution, Sale of Shares and Equity are acceptable genuine savings
  • Funds can be generated over three months

Funds to complete

  • Required for all loans
  • Gifted funds are acceptable from direct family
  • Borrowed funds cannot be used
  • Cash in a business may be acceptable
  • First Home Owners Grant is acceptable

We are also seeing the return of the high LVR, up to 98%.

<strong>For more information on a Mortgage Broker for a Home Loan in Darwin call Nick Kirlew today on 0447 499 794. You can access our Mortgage Calculator <a href="/mortgage-calculator">here</a>.</strong>

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Nick Kirlew Darwin Mortgage Broker

Arafura Finance Brokers is an Authorised Representative (No. 420372) of BLSSA Pty Ltd, ABN 69 117 651 760. Australian Credit License Number 391237.
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Contact Nick Kirlew Mortgage Broker on 0447 499 794.
Darwin, Refinance, Home Loans, First Home Buyer, Mortgage Brokers.

2/6 Montoro Court Larrakeyah NT 0820