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News Link • Housing

Zero Percent Down Loans in a Raging Bubble:

• mishtalk.com by Mish

Australian parliament member Andrew Broad wants banks to accept zero percent down loans.

New.Au calls the proposal a "creative idea".

Please consider First homebuyers with a good rental history shouldn't have to save a deposit, Federal MP says.

IS THIS the lifeline struggling first home buyers have been waiting for?

Well, it's certainly one of the more creative solutions to the country's housing affordability crisis.
Federal Nationals MP Andrew Broad has suggested banks should forgo a deposit from first homebuyers who have a strong three-year rental history — meaning they can borrow 100 per cent of the loan.

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