Home Loans, Mclaren Vale, SA 5171
Credit Unions & Societies, Warradale, SA 5046
Open until 5:00pm
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Mortgage Brokers, Mclaren Vale, SA 5171
Open until 5:00pm
Legal ID: ACL: 382869
Mortgage Brokers, Morphett Vale, SA 5162
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.
Mortgage Brokers, Noarlunga Centre, SA 5168
Legal ID: ACL: 382869
Mortgage Brokers, Aberfoyle Park, SA 5159
Open by appt
Legal ID: 391237
Mortgage Brokers, Christies Beach, SA 5165
Mortgage Brokers, Christies Beach, SA 5165
Open until 5:00pm
Legal ID: ACL: 382869
Mortgage Brokers, Seaford Rise, SA 5169
Mortgage Brokers, Blackwood, SA 5051
Open until 5:00pm
Legal ID: ACL: 382869
Mortgage Brokers, Blackwood, SA 5051
Mortgage Brokers, Eden Hills, SA 5050
Open until 10:00pm
Banks & Financial Institutions, Seaford, SA 5169
Open until 8:00pm
Legal ID: Team of experienced & friendly professionals
Banks & Financial Institutions, Christies Beach, SA 5165
Banks & Financial Institutions, Willunga, SA 5172
Banks & Financial Institutions, Oaklands Park, SA 5046
Banks & Financial Institutions, Aldinga Beach, SA 5173
Open until 5:00pm