
No deposit? A parental guarantee might be the solution
Do you want to buy a property, but have no deposit? A parental guarantee may be an option for you. At Bee Finance Savvy, we often work with clients in this situation.

Do you want to buy a property, but have no deposit? A parental guarantee may be an option for you. At Bee Finance Savvy, we often work with clients in this situation.

Quite a few Australians dream of building their own home. For most of them, this means first obtaining a land and construction loan. Sometimes people who need these loans only have a 5% deposit, and need to add mortgage insurance to the loan.

A lot of Australians have misconceptions about home loans. A recent housing affordability survey by Core Logic has highlighted some of those myths. Many Aussies are worried about their ability to save up a deposit. But a whooping 58% of people surveyed think that a 20% deposit is required for a home loan.

Lifestyles of the rich and famous….certain professionals including models, sport stars, actresses and DJs are eligible to borrow 90% of a property purchase price and not have to pay mortgage insurance.

Have you been dreaming of that overseas holiday or of finally getting around to those home renovations?
A personal loan might be an option if saving up is taking too long.

