Buy a Home With No Genuine Savings

2010 April 6
by iggy

Is it possible to buy a home with no genuine savings?  Don’t banks often require savings, and aren’t they strict about deposits?

Yes,  it is possible to buy a home even without genuine savings!  We all know how difficult it can be to make an initial deposit in order to qualify for a home loan. Especially with inflation constantly going up, there seems to be no hope of real estate prices ever going down.

However, there is a solution to every problem, and the home loan experts are ready to provide this solution.  You can get your home right now without having to save months or even years for a deposit.  This is good for those of you who have a stable income, and a lot of extra cash to spare. Interest rates will be higher if you don’t have savings to make a deposit and banks will often require you to pay additional Lender’s Mortgage Insurance. Banks are generally careful when risk is involved, and will look for some extra income in exchange for the risks taken. The extra interest and LMI premiums required are a small price to pay in exchange for a lot of time saved and the ability to move into your dream home much earlier.

This is however not possible if you just make some calls to a bank, and ask about their loan products.  In order for you to be able to get the best deals available the home loan experts can provide you with a wide array of options for these types of loans.  They have contacts and providers that know the plight of those who are unable to make a deposit, and work hard to provide a convenient way for it to be a win-win situation for both the lender and the borrower.

Enquire now about our no genuine savings loans, and you could be on your way to getting your own home sooner than later.

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