Mortgage Brokers, Narangba, QLD 4504
Mortgage Brokers, Wilston, QLD 4051
Mortgage Brokers, Windsor, QLD 4030
Mortgage Brokers, Paddington, QLD 4064
Mortgage Brokers, Paddington, QLD 4064
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, Bowen Hills, QLD 4006
Banks & Financial Institutions, The Gap, QLD 4061
Open until 9:00pm
Open until 9:00pm
Banks & Financial Institutions, Strathpine, QLD 4500
Banks & Financial Institutions, Aspley, QLD 4034
Banks & Financial Institutions, Mitchelton, QLD 4053
Banks & Financial Institutions, Keperra, QLD 4054
Banks & Financial Institutions, Mitchelton, QLD 4053
Finance Brokers, Sandgate, QLD 4017
Banks & Financial Institutions, Stafford, QLD 4053
Banks & Financial Institutions, North Lakes, QLD 4509
Banks & Financial Institutions, Virginia, QLD 4014
Banks & Financial Institutions, Lutwyche, QLD 4030
Banks & Financial Institutions, Ashgrove, QLD 4060
Banks & Financial Institutions, Nundah, QLD 4012
Banks & Financial Institutions, Paddington, QLD 4064
Banks & Financial Institutions, Sandgate, QLD 4017
Finance Brokers, Burpengary, QLD 4505
Financial Planning, Alderley, QLD 4051
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Open until 8:00pm
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