Hi, i want to get my first home loan, i am looking at a no-deposit home loan. Just wondering which is the best banks/lenders available to me?
Abit of important information about my current status.
I work full time earning $1200 a week before tax. My job is also stable, been working the same company for almost 5 years.
I have got a credit card ($20,000 limit), never had bad credit.
And i dont have any other personal loans.
I just dont know much information about home loans and confused how to approach the lenders. So i just need some answers. I am planning on a no-deposit home loan because i want to buy my first home within this year and only starting to save now. Should i cancel my credit card? I heard you cant borrow as much with a credit card. And should i take advantage of the first home owners grant by building a property or its not worth it? And judging by the other thread, is St George the only bank that do no-deposit home loans? And they will be closing that aswell? Can anyone help me?
Thanks for your time and help in advance.