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The Process of Home Loan Deposits - Mum & Dad

If youu2019re saving hard for your deposits, you may be questioning why you need one and what exactly youu2019re expecting to do with it. Here we are explaining the whole process of home loan deposits.

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The Process of Home Loan Deposits - Mum & Dad

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  1. THE PROCESS OF HOME LOAN DEPOSITS APPLICATION ASSESSMENT We will help you by assessing whether you qualify for an equity deposit contribution from one of our private investors. If you qualify, you will then be assessed by the Home lender to see if you qualify for a home loan. We don't do credit checks at this point so it won't affect your credit rating. We help getting bad credit home loans low deposit in Melbourne. DEPOSIT SUPPORT Once you are approved, you will be asked to pay a 5% deposit. If you don't have it, we can assess your application on the basis we will assist you to provide it from Mum & Dad. REPAYMENT OF THE EQUITY The equity deposit is payable back anytime from 1 - 5 years. This can be repaid by refinancing the property at any time or agreeing to a monthly repayment including the principal. 100% HOME OWNED The security our private equity provider takes is a personal guarantee and a caveat over your home. You will own 100% of your home. They don't charge interest only a monthly service. LEARN MORE AT WWW.MUMNDAD.COM.AU.

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