Home Loans, Werribee, VIC 3030
Home Loans, Werribee, VIC 3030
Home Loans, Werribee, VIC 3030
Home Loans, Hoppers Crossing, VIC 3029
Home Loans, Hoppers Crossing, VIC 3029
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, Manor Lakes, VIC 3024
(4)
Open until 8:00pm
Legal ID: Lathas Pty Ltd Is A Credit Representative (No. 491733) Of Money Quest Australia Pty Ltd, Australian Credit Licence 487823
Mortgage Brokers, Werribee, VIC 3030
Home Loans, Point Cook, VIC 3030
Home Loans, Point Cook, VIC 3030
Home Loans, Laverton North, VIC 3026
Home Loans, Drysdale, VIC 3222
Home Loans, Truganina, VIC 3029
Mortgage Brokers, Point Cook, VIC 3030
Open until 6:00pm
Mortgage Brokers, Tarneit, VIC 3029
(4)
Open until 8:00pm
Legal ID: Lathas Pty Ltd Is A Credit Representative (No. 491733) Of Money Quest Australia Pty Ltd, Australian Credit Licence 487823
Home Loans, Geelong, VIC 3220
Home Loans, Geelong, VIC 3220
Home Loans, Geelong, VIC 3220
Home Loans, Bell Post Hill, VIC 3215
Home Loans, Geelong, VIC 3220
Home Loans, Aintree, VIC 3336
Home Loans, Caroline Springs, VIC 3023
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