2K You're away!
Low deposit home & loans offer.
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(BRISBANE ONLY)
No time to save? No worries!
We've negotiated special home & loans offers for eligible borrowers with 2K saved at select land estates and builders across Brisbane via our property partners - Marion Lane.*
Buying a first home has never been this easy.
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When it comes to buying a first home there is no one single way that suits everybody. But for many, raising the 5% to 10% deposit can be a daunting prospect.
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For a limited time we've put together some of the easiest solutions which can get eligible borrowers into a brand new home with just 2K saved and a little bit of ingenuity.
Rent money is dead money.
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What could your rent be doing for you?
Based on a 30 year loan at an interest rate of 3.59% p.a.*
A.
Exclusive home loans
We have access to lenders no other broker in Australia can offer - and they get first home buyers.
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Borrow up to 98% (including LMI)
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Rent as genuine savings
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Rates as low as 3.59% p.a. (3.99% Comparison Rate*)
C.
Buy now, save while you wait
It can take months from when land is released for sale until settlement occurs.
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Our property partners have negotiated with select land estates so you can reserve your new home now and save while you wait for the roads to go in.
B.
Equity Accelerator
An Equity Accelerator is an unsecured personal loan offered at the same rate as your home loan but paid off over 5 years instead of the usual 30 years for a mortgage.
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The equity accelerator bridges the gap between your savings and the funds you need to complete the purchase.
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IMPORTANT: The Equity Accelerator loan is sponsored by our property partners, Marion Lane. It is only available to approved borrowers on selected house & land packages sold via Marion Lane.
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Low deposit Home and Equity Accelerator loan package
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You could buy sooner and build equity faster with an Equity Accelerator and home loan combination.
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Home Loan: 92% lend inc LMI (no genuine savings via rental), or 98% lend inc LMI where rental history is available; 3.59% p.a. variable interest rate over 30 years (P&I repayments). Purchase costs: 2% or 3.5% Lender's Mortgage Insurance (LMI); $2,500 purchase, legal and lender fees and charges. Equity Accelerator: Calculated as the shortfall mount between purchase price plus (+) purchase costs less (-) FHOG, loan amount and savings; 3.59% p.a. variable interest rate over 5 years (P&I payments). Contribution: Assumes you can contribute the $15,000 FHOG + savings
Calculate your purchasing power?
You could be eligible to apply for:*
*IMPORTANT INFORMATION: This calculator is not an offer of finance, it is only indicative of eligibility to apply. This is not a formal loan approval or contract to lend. Approval is subject to making a formal application and meeting the lender’s credit criteria. You should obtain legal advice before entering into a legally binding contract to buy land or property. Parker Lane is a trading name of Upside Downside Pty Ltd. Australian Credit License number 482276, ABN: 35 608107 428.
CALCULATIONS: All calculations are indicative only and may not be current or complete, or remain current or complete, and therefore under no circumstances should be relied upon. Calculations are based on borrowing 92% or 98% of the purchase price (including Lender’s Mortgage Insurance) based on a 30 year principal and interest repayment loan at 3.59% p.a. variable interest rate AND borrowing the shortfall via an unsecured personal loan we call an Equity Accelerator. Equity Accelerator repayments are calculated based on a 3.59% p.a. variable interest rate repayable over 5 years.
NOTE: If market interest rates change, your indicative interest rate (and therefore repayments) may both change before or after the loan is made. Lending policy and products change all the time. While you may be eligible to apply now, lending criteria and product availability may change at any time in the future and we cannot guarantee your eligibility will continue to be valid in the future. For peace of mind we suggest that you let us arrange a formal loan approval for you now.
Property Location & Price Guide​
Marion Lane are a new home buyer's service and design consultation firm. They specialise in providing high-end property search, selection and design consultation services.
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Best of all their services are free to First Home Customers. Instead Marion Lane are paid the commission which the builder and developer would usually pay their sales agents which means amazing service and unbeatable value for money. Take a look for yourself...
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Click on the pins to learn more about the locaitons, properties and prices
