I haven't had much luck searching google and the home loan part of westpac are only open during the day so I can't call and I'm being impatient
We haven't brought a house before so will be able to get the 7k grant and also the 10k one for time being.
I handbooks new house and land packages ranging between 300-330k which repayments will be te same as our rent
Question: we don't have a deposit saved, I was wondering if the 17k cn be used towards a deposit? If so thy would be our full deposit required, and maybe a bit extra depending on price. I do expect to have to show savings etc, but am wondering if they allow this?
We would be having the lenders insurance as it will take us forever to save the extra deposit and prices will probably go up by this time so will cancel itself out in a way.
Does anyone also know what up front costs would need to be paid? Like bank feed that don't get added to a loan, valuers? And all the other stuff I don't even know about
Any bankers in here that can answer all my silly questions? Lol
We also have some debt but can afford a mortgage of this price 3 times over, I don't know whether they would give us a mortgage with this or not, but figure no harm in asking, if we can, then we are 12 months ahead of if we waited and did it the long way.
Any help/answers will help me so much in trying to get my head around all of this