Posts Tagged ‘90% Loan’

90% Home Loans for Investments

April 15th, 2010 22 Comments
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Investments, Home LoansInvesting in a foreign country is always risky.  The business and mortgage practices are different, and you are not familiar with how stable that country is.  For ‘would be’ investors in Australia there are a host of possible opportunities for purchasing real estate that can really earn you back your investment and make you some profits.

This means that you may require our help in deciding which property should be a worthwhile purchase. With so many options available it can become very confusing. What is even more confusing is the range and variety of lenders who may try to take advantage of the limited knowledge as a new investor in a foreign land. This can be avoided by working with us as we have contacts with many trusted banks and lenders that we can tailor fit a 90% home loan for you.

Due to the fact that it is a 90% home loan the investor would of course be required to deposit a certain amount in order to have your home loan approved.  Without the deposit you will generally not be allowed to get a loan.  However, in some exceptional circumstances where other property is likewise mortgaged, there is a good chance that you will be able to get a good deal on the loan.

The nice thing about the 90% loan is that you need not have genuine savings available to apply for it and get approved.  A gift from a relative will do in order to do away with the requirement of genuine savings.  You may need a gift letter to encourage the banks to approve the loan, but this is a generally accepted practice.

Some would like the possibility of getting a 100% home loan, and this is very possible only if some other person is willing to act as guarantor of the person applying for the loan.  With the help of a guarantor, finally deciding on the 90% home loan would be much easier.

90% Home Loans For Your Loan Requirements

April 5th, 2010 24 Comments
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Would you like a home loan that can cover up to 90% of your home loan costs, with several flexible options? Are you looking for a loan that can be used for a variety of different needs? If so then look no further than a 90% home loan. This type of loan can be used in different ways from purchasing a new home, to covering renovation costs, to possible real estate investments.
This loan is also offered in many different packages. There is the basic loan with no frills, and no annual fees, with the lowest interest rates. You can also opt for a loan with a fixed or variable interest rate, if the basic loan does not appeal to you. For those seeking a more flexible and more functional loan, and do not mind additional costs and interest, a line of credit loan is likewise available. Generally these can be paid in 10 years, and depending on the type of loan you choose, there may be applicable administrative fees. All these products can be covered by the 90% loan, so at least you are not limited in your choices and the loan can be tailored to what is best for your particular situation.
Our expertise is loans that deal with home purchases, and we have in depth experience in this field. With our knowledge, we have the confidence that will be able to help you get the best loan package available. With respect to the 90% home loan, our product variety can ensure that we can get you the best deals possible for this type of loan.
Whether your purpose for a loan is to buy your first home or to purchase an investment property, we are able to find a way to cater for your needs. So enquire now on how to get the best deals on a 90% home loan.

90% Home Loans Available

March 25th, 2010 54 Comments
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When getting a loan, especially for your first home, you would like it to be as easy on the budget as possible.  This is because if it is a first home purchase, this would mean that you are just starting out, and you may not be as financially capable now as there are a lot of expenses to attend to.  The nice thing about purchasing your first home even on a loan is the fact that the government is more than willing to help out.  First home buyers often get a home owners grant, and discounts on lenders mortgage insurance.

Another thing about purchasing a first home is it would be ideal to pair it with a 90% home loan.  These loans are the most common, and banks and lenders are not that conservative when granting first home buyers a 90% loan.  Of course they require some items such as at least 5% genuine savings, and deposits are normally required especially without LMI premium payments.

Of course whether or not to pay LMI is a personal decision, and not necessarily required when applying for a 90% home loan.  This is particularly true where a deposit has already been made, as LMI is often required only when no deposit, or only a minimal deposit is made.

Those who are financially capable may try for an even larger loan of 95% of the value of the property, in that way they only need to worry about 5% of the purchase price as the 95% in already covered by the loan.

For more information on 90% home loans it would be best to consult the experts on home loans.  They can provide you with the necessary information required on how to get a 90% loan.  They can likewise advise and update you on the benefits and discounts that first home owners get when purchasing their first home.  In this way your dream of owning your own home may finally become a reality.