100 percent mortgages: borrow up to $500,000

If you looking to purchase a new for you and your family but find it hard to find the deposit, then help is at hand from 100 percent mortgages. This lender will allow you to apply for a 100% mortgage; this will help take the stress away from purchasing your first home.

100 percent mortgages will allow you to borrow up to $500,000; however there are a few conditions like all other lenders have. Your property has to be zoned Residential’ or ‘Urban’ and not Rural’ or ‘Rural Residential’.

You are able to take out a 100 percent mortgage on:

• Construction Loans (no owner builders)
• House & Land Packages
• Houses, (new or old)
• Townhouses (new or old)
• Units (strata), (new or old)
• Villas (new or old)

You cannot get a mortgage on:

• Hobby Farms
• Hotel/Motel Room Conversions
• Land Only
• Off-The-Plan Purchases
• Properties with a poor building report.
• Serviced or High Rise/Inner City Apartments (some exceptions allowed)

For more information visit: www.100percentmortgages.com.au