Mortgage Questionnaire

Mortgage Questionnaire

Buy properties with No Money Down

There are several ways to purchase property with little, or No Money Down. Here are some ways to make it happen.

REFINANCE - put down a 20% deposit when you purchase the property. Several months (2- 6 mths- depending on the bank), later you can refinance the property for 80% of the registered valuation and take out your initial deposit to purchase another property

EXISTING EQUITY - use existing equity from your home to put down a 20% deposit, and borrow 80% against the investment property.

REVOLVING CREDIT - pay cash from a revolving credit facility to settle. Once the title has gone through, borrow 80% of valuation. You then repay the revolving credit facility.

EQUITY PARTNER - approach an equity partner (family or friends) and use their money - someone who may wish to invest but lacks the skill or confidence to do so. This could be a win/win for both parties.

ADD VALUE - to the property. Revalue the property and present the bank with this valuation in order to borrow 80% of the new valuation. This enables you to access further funds for other deposits more quickly.

VENDOR FINANCE - Negotiate with the vendor to finance 20% of the sale price. Then take out an mortgage on the property for 80% of the sale price as the other 20% equity is vendor financed. Most banks will want to see you have some money in the deal yourself.

*Note: Please take all necessary legal advice before you make any purchase.

A recommended Mortgage calculator

Calculate how you can reduce your mortgage

HomeLink offers you a personal service

Let us show you how to turn your home from a liability into an asset. We can show 1st home buyers options on how it may be possible to buy a home with little or no deposit.

We deal with most major banks and give you personal professional service.

We listen and give you choices.

Did you know...

That you can save $$$ by restructuring your mortgage?
You can have your mortgage paid off much earlier than you think?
That it is possible to pay lower than average interest currently offered by mainstream banks.

Questions

Are you looking forward to retirement on $220+ per week income? Will you be living in your freehold nest egg without being able to access any funds?

Would you rather maintain your existing lifestyle in retirement by creating a passive income NOW?

Would you like to be a Home Owner

No or Low Deposit? The Bank may have said NO, but there may be other options available to you to help you get into that home you have always wanted.

Our service is free for standard residential home loans and you'll get
excellent personal service that you deserve as a valued customer.

Homelink offers you personal answers to your finance questions.

If you feel that the bank no longer listens to your needs AND you need answers to questions such as:

How much can I borrow?
Who has the best deal for my financial requirements?
Who has the best interest rates?
How can I repay my mortgage sooner?
How can I make my house help me earn an income?

HomeLink Enterprises can help you