Posts Under Westpac Category

First time home buyers are finding it tougher in Aussie

Written by Admin on January 21, 2010 Categories: Bank Loans, Westpac

First time home buyers are finding it tougher in Aussie

Westpac have revealed they not require a higher deposit for first home loans First time buyers will have to stump up at least $37,500 as a deposit to get an average Aussie home loan from Westpac — or $12,500 more than before — under policy changes that came into force on the 19th January. That means borrowers will have to come up with 87% instead of 92%. An average home loan of $250,000, new borrowers will need to have the much bigge...

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