The mortgage market has tightened up somewhat, but provided you have strong income and a stable job history or no debts, then 95% is still an option for you.
There is no need to rush into buying (unless your preapproval is running out!). Yes, it might seem a bit crazy out there at the moment but the pendulum will swing back to buyers over the coming months. Even now, there are still bargains out there, but you won’t find them if you’re not looking
The days of banks throwing money at us are long gone. In fact, we are almost back to the old days where you had to go cap-in-hand to the bank to literally squeeze money out of their vice- like hands
Lenders have pulled-back from lending to First Home Buyers. Our view is that this has created opportunities for Investors to fill the gap and earn good returns (circa 10%-15%.) Each investment is small and you get to choose your Home Buyers. We’ll work with you to minimise the risks
Credit and lending decisions are increasingly being made by “Head Office.” This can have unwanted outcomes that you need to be wary of. More than ever it is important to plan your mortgages and split your relationship across multiple banks
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Risk with houses built before 1945
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Property Investing: Is Big Better?
November 20th 2011