From: Jennifer Tan
My partner & I would like to use the equity we have accumulated in our home to buy an investment property (IP). We would like to borrow enough money to cover 100% of the purchase price of the IP plus extra costs like legal fees. However, each bank & mortgage lender we have approached so far will only lend up to 90% of the purchase price, and we therefore have to have at least the 10% deposit.
Does anyone know a financial institution who will lend 100% the purchase price of the IP plus extra expenses???
Cheers
My partner & I would like to use the equity we have accumulated in our home to buy an investment property (IP). We would like to borrow enough money to cover 100% of the purchase price of the IP plus extra costs like legal fees. However, each bank & mortgage lender we have approached so far will only lend up to 90% of the purchase price, and we therefore have to have at least the 10% deposit.
Does anyone know a financial institution who will lend 100% the purchase price of the IP plus extra expenses???
Cheers
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