It is much easier than you might imagine to break free from renting.
Just say YES!
Are you able to answer YES to the following questions:
- Total household earnings are less than $130,000 for couples or $90,000 for singles
- Been in your job for 6 months or more
- Permanent resident
- Maximum purchase price does not exceed $470,000
- Low debt
- Want to build with a house and land package
If you answered YES to these questions, then there is a good chance that you may qualify for a loan that only requires a 2% deposit and only 1% of this needs to come from genuine savings. This is great news as it means that if you are looking at building for $470,000, you will only need $9,400 as a deposit.
If you would like further information about how to qualify for this type of loan, please speak with one of our friendly and experienced brokers.