So I have been offered the deal of a lifetime - equity left in a property by friends because I don't quite have 10% deposit. How does that work? Property is $350k and I have $30k. Private sale. Call to mortgage broker suggests a 10% deposit can be done. I don't have family money so this is a last chance to own property as I am in mid-fifties. First time home buyer so it is scary to navigate through the quagmire of mortgages, banks and legal jargon.
Any help appreciated.
Any help appreciated.
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