Open Today
Today
7:00am
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9:00pm
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Open Today
Today
7:00am
-
9:00pm
Mon
7:00am
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9:00pm
Tue
7:00am
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9:00pm
Wed
7:00am
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9:00pm
Thu
7:00am
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9:00pm
Fri
7:00am
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9:00pm
Sat
8:00am
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6:00pm
Sun
8:00am
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6:00pm
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25m
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Open Today
Today
10:00am
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2:30pm
Mon
10:00am
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2:30pm
Tue
Closed
Wed
10:00am
-
2:30pm
Thu
10:00am
-
2:30pm
Fri
11:00am
-
5:00pm
Sat
Closed
Sun
Closed
Public Holidays
Closed
Legal ID: AFSL/Australian Credit Licence No 240 836.
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Loftus St, Bemboka NSW 2550
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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.
Note: Not all businesses listed under this heading are Banks, as authorised under the Banking Act 1959 (Cth). For more information, please refer to the Australian Prudential Regulation Authority's website at www.apra.gov.au/ADI
We have 2 results for Home Loans in BOMBALA, NSW available in the Yellow Pages® directory. You can refine and sort your search for BOMBALA Home Loans by distance, specialty or service options. You can also use the interactive map of BOMBALA to find the exact location of the business and get directions from wherever you are.