Family lending you the deposit?

Putting your FAMILY first is the best way to get their HELP with a is how.

Family lending you the deposit? ​

Putting your FAMILY first is the best way to get their HELP with a is how.

Many lenders have a PROBLEM with deposits provided by family members and so Credi has launched a loan ESPECIALLY for ” Bank of Mum & Dad ” situations. We ENSURE that the documentation that protects the borrower and their family loaning the deposit is put in place. 

Do it the right way & avoid future problems

Don’t let a broker pressure you into signing something saying the family loan for a deposit was a gift when it fact was a loan.

Text ‘INFO’ to 0448 617 280 or fill in the form.

Wave Money Home Loans

  • Credi the leader in friends & family lending has partnered with Wave Money (ACL 513 760) to provide Home Loans with variable interest rates ranging from 2.84% p.a – 6.69% p.a (Comparison rates*** range from 2.92% p.a. – to 6.95% p.a.)
  • Owner Occupiers & investors can now gain access to a range of leading mortgage solutions from Wave Money featuring:
  • Competitive variable interest rates
  • Principal and interest or interest-only payments
  • Redraw & offset facilities
  • Ability to make extra repayments
  • The option to split your loan 

*** This comparison rate is true only for the examples given and may not include all fees and charges. different terms, fees or other loan amounts might result in a different comparison rate. All Comparison Rates are calculated based on a secured loan of $150,000 over a 25-year term.

Note – All applications are subject to Wave Money’s normal credit assessment and loan suitability criteria. Terms, conditions, fees and charges apply.

Avoid future problems

Family lending money for a deposit need & deserve to have it properly documented as a loan.

Avoid having your loan application declined in circumstances where your gift is actually revealed to be a loan

Avoid the increased risk of losing half the money you provide as a gift in the event of a future divorce,

Avoid family disagreements over miscommunications on the terms of repayments.

Avoid problems with the ATO and tax reporting of loan repayments.

Via Credi