I am looking for a unit between 400K to 450K in sydney Can anybody recommend me from which bank I can get cheapest interest rate.
I can deposit 10% upfront. I have no idea about variable and comparison interest rate and which way to go.
First home buyer looking for a cheapest interest rate
LPROZ on 25/02/2014 - 20:09
Comments
I'd recommend continuing to save until you have enough for a 20% deposit. Any less and you will generally have to pay mortgage insurance
have you considered the stamp duty and misc cost involved?
- stamp duty
- building inspection
- lawyer / conveyancing
- building insurance
- loan setup cost (visit mortgate brokers, there's some good loans without setup cost currently)that's why usually people would suggest looking @ 20% deposit
consider borrowing from relatives for the extra 10%?
call Laurie from city wide lending 0405546256