I don't know what you guys are on about with this 20% thing. A mate of mine just purchased a house with a 10% deposit. So its never easier to get a mortgage now and with interest rates being very low....
Funny thing is I would never have lent to that guy the amount he has borrowed, but the bank did.
Is he a first home buyer? Did have a track record of being a good punctual borrower with the bank?
Originally Posted by blackcap
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