How your client can buy their 1st home with less than $1000 in the bank!
Great rates from 7.29% fixed 1 year
1st Home buyers eligible for FHOG
Example
2 applicants, 1 child
Income applicant 1 $45,000
Income applicant 2 $20,000
Gift / savings $1,000
Purchase Price $280,000.00
Stamp duty and Govt Costs $ 13,323.00 (Based on Stamp Duty in Victoria)
Loan fees $ 900.00 (Approx) Application fee, Valuation fee & legal fees
LMI $ 6326.00
Total required for purchase $300,549.00
Loan amount $280,000.00 including capped LMI of $6326
(must incorporate a Line Of Credit of at least $20,000) plus
FHOG $10,000.00 (Advanced at settlement) plus
Secured Visa $10,000.00 rate tiered at LOC rate for Life of Loan (currently
8.05%pa)
(Advanced at Settlement for costs)
Gift / savings available $ 1,000.00
Total Funds Available at Settlement $301,000.00
(Applicants need to contribute less than $600 to own their first home!!!!)
Above is a scenario that has worked for hundreds of applicants who have as
little as $1,000 cash in hand but have stability in employment and clean credit.
Terms, conditions, fees, charges and full lending criteria applies and are
subject to change without notice. All information is correct as of 24th July
2007. Information above is an example only and does not necessarily represent
your situation.
 To find out more information on how
Global Finance can assist you please
contact us directly on 1300 885 343 or try the easiest loan application ever!
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