Home Loans, Felixstow, SA 5070
Home Loans, Flinders Park, SA 5025
Home Loans, Fulham, SA 5024
Home Loans, Kensington Park, SA 5068
Mortgage Brokers, Magill, SA 5072
Open by appt
Mortgage Brokers, Rostrevor, SA 5073
Open until 8:00pm
Mortgage Brokers, Aberfoyle Park, SA 5159
Open by appt
Legal ID: 391237
For many, saving up for a deposit can be enormously daunting. As housing prices continue to climb year after year, many potential homeowners look at low deposit home loans to access the real estate market. Here’s what you need to know about low deposit loans.
Low deposit home loans are offered by some banks and lenders, offering loans with only a 5-15% deposit. For example, with a $500,000 home, a 90% loan to value ratio means the buyer pays $50,000 and the bank pays $450,000. This means fewer savings needed to purchase a house (negating future interest repayments).
Of course, with this accessibility comes a few negatives. These home mortgage loans are considered high risk by the lender, so they will scrutinise your financials carefully. They also come with higher monthly repayments and higher interest rates. Many lenders also slap on Lender’s Mortgage Insurance, which is insurance you pay on behalf of the bank should you fail to meet mortgage payments.
Ultimately, the ball is in your court. Keep the above in mind as you search for easy home loans near you.
Financial Planning, Daw Park, SA 5041
Mortgage Brokers, Fulham, SA 5024
Mortgage Brokers, Glenelg, SA 5045
Mortgage Brokers, Glenelg East, SA 5045
Mortgage Brokers, Thebarton, SA 5031
Mortgage Brokers, Aldgate, SA 5154
Mortgage Brokers, Campbelltown, SA 5074
Mortgage Brokers, Walkerville, SA 5081
Mortgage Brokers, Prospect, SA 5082
Mortgage Brokers, Walkerville, SA 5081
Mortgage Brokers, Mile End, SA 5031
Not provided
Legal ID: ACL: 382869
Mortgage Brokers, North Adelaide, SA 5006
Mortgage Brokers, Joslin, SA 5070
Mortgage Brokers, North Adelaide, SA 5006
Banks & Financial Institutions, Adelaide, SA 5000
Banks & Financial Institutions, Adelaide, SA 5000
Open until 3:00pm