Who offers a 95% loan nowdays?

[rugrat]

Who does still offer a 95% loan nowdays?
I know Bankwest and Members equity do.
Westpac still says it will on its website.
Are there any more?

 

[pi2012]

Who does still offer a 95% loan nowdays?
I know Bankwest and Members equity do.
Westpac still says it will on its website.
Are there any more?

NAB is still offering 95%

 

[Sunfish]

Who would want one?

 

[DavidMc]

There is lots of change going on in the lending market.

Why not use a broker?

 

[Propertunity]

Who would want one?

Me for one.....or as many of these loans as they'll give me.

and....a few more FHBs before 30 June.

Actaully, I'd prefer the 106% ones they used to have. I'm not into putting anymore of my hard earned folding stuff into deals when I don't have to.

Of course the deasl have to stack up and be cf neutral or +ve from day 1.

 

[Edmond Dantes]

S u n c o r p ?

 

[deejay]

Commonwealth will do 95% + capitalised LMI, but only if you have existing borrowings of 6 months plus. In other words, existing credit cards, personal loans or home loans.

 

[capitalEyes]

Who would want one????

Who would want one?

Me - and I'd seek vendor financing for the remainder if the market is right....

BTW - NAB do offer 95% full doc, but from our experience won't capitalise the LMI nor base the LMI penalty on the valuation if it's higher than contract price. Write the rules those lending institutions .... still, a necessary evil.

 

[Rolf Latham]

Hiya

You will find MANY lenders still do 95s.........but they wont be here for long, and many make restrictions in terms of savings or product availability.

So get onto your broker and get it approved !

ta
rolf