Mortgage News

Springboard clearly LVR move: Matthews

Wednesday 31st of July 2013

Under Springboard a borrower can make up the deposit on their home loan by using equity on family members' properties.

Borrowers would end up with two loans – one for the bulk of the mortgage and the other held jointly with a family member.

The person providing the equity as security for the second loan would have no liability for the rest of the mortgage.

Westpac head of r...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.