Important Information
Please be aware of the following;
- As a blog style website there can be a lot of historical content contained within this website that is out of date and no longer applicable. This content must only be used for historical reference purposes.
- Ability Finance, through choice, no longer represent some lenders who may be historically referred to within this website.
- At present we are only prepared to discuss financial products for consumers with customers we are able to personally meet with on a face to face basis.
- No information or content contained on this site should be relied on as being current.
- No content contained within this site should be taken as advice in any way at all.
Ability Finance brokers have lenders still able and willing to lend up to 100 percent of a property purchase price or valuation, whichever is lower.
This no deposit option is available for home loan applicants who have no genuine savings and property investors may also consider 100 percent home loan lending to maximise leverage.
The factors that will determine which offer may suit you best are set up costs, mortgage insurance cost, ongoing fees and charges, interest rate, discharge fee and early repayment costs or deferred establishment costs.
Choosing the type of interest rate such as fixed or variable will also have a bearing on which lenders are most competetive at the time of your application.
There are also additional features which may be included in a home loan such as transactional accounts or insurances discounts which could reduce the cost of your overall home loan when compared to a competetive offer.
Anyone considering refinancing should consider the list of potential costs that could be encountered when refinancing a home loan.
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