thlo
erinleigh
I'm pretty sure ours is 97%. Which isn't on your list..
Hi erinleigh, 97% is actually either a 100% or a 95% home loan in most cases.
Let me explain; if you borrow 97% and add the mortgage insurance to it, the loan becomes 100% or very close to it. If you borrow 95% and add the mortgage insurance to it, maximum they will allow is 97%.
Maybe they meant that they have a deposit of 97%?
Which is pretty much not a mortgage really! Lucky some.