How to Give Your Landlord the Flick!

Sick and tired of renting? Well now it’s easier than ever to get into your own home, even if you don’t have a deposit or savings. And, no, you don’t pay a higher interest rate.

What’s the catch? Well there isn’t one really.

The banks now realize that there are a lot of people out there, who have good jobs and a good credit history. The sort of people who pay their bills on time and if they had a mortgage they would pay it on time also. The banks now also realize that it is hard to pay rent AND save for a deposit as well. That’s why they introduced no deposit lending.

In any case, what’s the point of saving for a deposit if the market is racing ahead of you? If the market is going up at 10% per annum, and you wait a year to save a deposit, a $300,000 house will now cost you $330,000. That’s $30000 of equity that you have missed out on. Do you think you could save $30,000 in a year?

At ABC Mortgages we are the most experienced No Deposit brokers in the country! We have more than 5 lenders on our panel who have genuine no deposit home loans.

Beware, some lenders claim to have no deposit home loans but they still want 3% in genuine savings. You can even borrow up to 106% of the purchase price of the property. In this case, First Home Buyers can keep the $7000 grant and if you’re not a first home buyer the extra 6% will cover the fees and stamp duty.

If you have been in your job for 6 months and have a good credit history you may qualify. To find out call us now on 1300 TACKLE (1300 822 553)

Give your landlord the flick. You’ve been paying his mortgage for far too long. Call now on 1300 TACKLE and get a pre-approval and go shopping. (See our web page "The power of Pre-Approvals")