First Home Buyer Loan
Purchase of an existing unit.
After applying at a major bank with no success, our client’s parents reached out to The Brokerage in search of alternative solutions for their daughter, as existing clients themselves.
Our Solution
With the contract finance clause expiry date fast approaching and a 10% deposit no LMI required, the options were limited for our client, however due to their profession as a solicitor, we were able to negotiate 90% no LMI, no minimum income requirements. In order to take advantage of this policy, applicants are required be a member of their state’s Law Society.
The Brokerage were able to meet the client’s finance and settlement dates, leaving them very pleased with the outcome.
| Loan Amount | $445,500 |
| Interest Rate | 1.94% with 90% Gearing |
| Lender | Major Bank |
To find out more about how we can help, contact our team today.
