Buying a House – How Much Can I Borrow?
One of the biggest questions when buying a home is how much can I borrow? Most lenders require a minimum of 10% deposit to buy a home but some do offer less. In most cases you will get the same interest rates as Australian citizens, even if you are borrowing 95% of the property value. There are some brilliant loans available. Some, like Keystart in Western Australia, offer mortgages for renters with as little as 2% deposit and no LMI.