finance on valuation

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From: Ross Violich


can anyone suggest who to approach to get finance on valuation rather than purchase price. (85% LVR)


thanks in advance


ross v

 

[Rolf Latham]

Reply: 1
From: Rolf Latham


Hi Ross

You will have a good chance below mortgage insurance (<80 % LVR) especially if you can find 5 % of your own hurt money.


Really on a case by case basis, most lenders will do a "favourabel purchase".


Ta

Rolf