Home Loans, 100% home loans, no deposit home loans - overview

No deposit home loans Australia, 100% home loans Australia, home loans, mortgages, mortgage brokers, australian loans - Honey Loans Australia

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No Deposit Loans

The No Deposit Loan is a new and unique product which allows you to borrow 100% Plus Stamp Duty of the purchase price of your home. This is the ideal product for anyone who has dreamed of entering the property market but for whatever reason, has not been able to save for a deposit.

We recognise that saving a deposit for a home in today’s society of escalating costs is difficult and can take a long time. The 100% Plus loan with borrowings up to 106% of the purchase price* assists potential home buyers to purchase an existing residential property without the normal deposit requirements of the traditional lending institutions.

This loan is available for both home and investment purchases of residential property. Providing you qualify, you may borrow up to 106 % of the purchase price* of the property, allowing you to cover the costs of stamp duty and legals on the purchase transaction.

You will not require to show proof of savings, nor is there a reliance on any other equity or security which you may possess.

The target market for this loan product is generally:

First Home Buyers on good incomes with no real savings;
Persons re-establishing themselves after a relationship split up;
High income investors seeking full debt leverage on a ‘stand-alone’ security property;

Read more information on >> no deposit home loans