Resolve Finance, our in-house specialists
Who is Resolve Finance?
Established in 1997 as part of the ABN Group, Resolve Finance opened our first office in Victoria in 2008. Over two decades in the business, our brokers have helped buyers secure loans for more than 27,000 homes – that’s an average of over 200 people each month. Resolve Finance has become one of Australia’s undisputed leaders in the field. In fact, over 80% of the loans written by our team of brokers are construction loans, and we account for 1 in 20 construction loans across both Western Australia and Victoria.
Discover your Home Buying Options - See if you Qualify
LOW DEPOSIT LOANS
Finding the right loan for you can be simple. If… you let Resolve Finance help you.
Let’s talk deposit!
Whether you’ve been saving for years, or struggling with saving for your deposit, Resolve can help you out. They get everyone is different, so they make sure you get access to a huge range of products. They have everything from no deposit home loans and finance planning programs, through to low deposit home loans and ‘Parent Assist’ loans (and word on the street is that some of them you won’t find anywhere else outside of WA and VIC). That’s very, very useful.
I haven’t really saved much. So… what are my options?
Resolve have some great low deposit home loans available that use your First Home Owners Grant or gifted funds. We think this is a pretty great option, especially because most lenders in VIC require a minimum 5% deposit. And, we know you want to get into your new home sooner.
I kinda need help getting my savings together
Looking for house and land packages in Melbourne, but have no money for your deposit yet? Don’t sweat it. We’ve developed a simple program called My Home Plan. It’s basically built around your income and your spendings. So, you can get back in control of your financial future—and into your own home sooner.
My parents said they’d help me out. But… I heard it doesn’t have to be in the form of cash, is that right?
Well first off, lucky you. And secondly, you’re 100% right, there are other ways they can support you. For example, if your parents own a home, we can use that equity for your home loan, which basically means they don’t have to fork out a thing. And, it significantly reduces the deposit needed, and your mortgage insurance. It’s a win-win. (Just make sure you make your repayments.)
Ok, so they’re going to help, but I have to pay them back, like, is there a legal thing in place for that?
Sure is, it’s called Parent Assist. This means your parents come up with your deposit and you repay them with interest, just like any other official loan. But, you pay them back at half the rate of your home loan! It’s a neat way to save on your mortgage insurance and still get the First Home Owners Grant and stamp duty concessions. Makes it a lot easier to ask for the dollars!