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%.

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 here.

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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.
Nicholas Kirlew is a credit representative (399996) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237)
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Contact Nick Kirlew on 0447 499 794.
Darwin, Refinance, Home Loans, First Home Buyer, Mortgage Brokers.
2/6 Montoro Court Larrakeyah NT 0820

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