Home Loans, Elwood, VIC 3184
Home Loans, Elwood, VIC 3184
Home Loans, Brighton, VIC 3186
Not provided
Legal ID: ACL: 382869
Home Loans, Murrumbeena, VIC 3163
Home Loans, Bentleigh East, VIC 3165
Home Loans, Hawthorn, VIC 3122
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.
Home Loans, South Yarra, VIC 3141
Home Loans, South Yarra, VIC 3141
Home Loans, Malvern, VIC 3144
Home Loans, Brighton, VIC 3186
Home Loans, Prahran, VIC 3181
Home Loans, Bentleigh East, VIC 3165
Home Loans, Camberwell, VIC 3124
Home Loans, Hampton, VIC 3188
Mortgage Brokers, Camberwell, VIC 3124
Open by appt
Legal ID: Australian Credit Licence (386734)
Mortgage Brokers, Bentleigh East, VIC 3165
Legal ID: 384324
Mortgage Brokers, Brighton, VIC 3186
Open 24 hours
Mortgage Brokers, Camberwell, VIC 3124
Mortgage Brokers, Ashburton, VIC 3147
Mortgage Brokers, Windsor, VIC 3181
Mortgage Brokers, South Yarra, VIC 3141
Mortgage Brokers, Ashwood, VIC 3147
Mortgage Brokers, Malvern East, VIC 3145
Mortgage Brokers, Malvern East, VIC 3145
Mortgage Brokers, Oakleigh, VIC 3166
Mortgage Brokers, Oakleigh, VIC 3166
Mortgage Brokers, Elsternwick, VIC 3185
Mortgage Brokers, Bentleigh, VIC 3204