
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...
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