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    Hi Sharon


    Generally the absolute maximum mortgage that can be achieved is 95% (plus Lenders Mortgage Insurance capped) therefore a 5% deposit and fees of approx 5% are required.


    I know of one product whereby it may be possible to have the fees added to a credit card with the lender at mortgage rates (up to $20k) and therefore if the fees are less then $20k only a 5% deposit would be required.


    However this product doesn't suit everyone and it also requires a strong income to be able to service, stronger than ordinarily would be required.


    The other requirement is that the 5% deposit has to be verified as genuine savings, this essentially means that they should have been held/saved over at least a 3 month period.





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