Home Loans, Dandenong, VIC 3175
Home Loans, Dandenong, VIC 3175
Home Loans, Dandenong, VIC 3175
Home Loans, Dandenong, VIC 3175
Home Loans, Dandenong, VIC 3175
Home Loans, Dandenong, VIC 3175
Home Loans, Noble Park North, VIC 3174
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, Noble Park North, VIC 3174
Mortgage Brokers, Dandenong, VIC 3175
Mortgage Brokers, Dandenong, VIC 3175
Home Loans, Rowville, VIC 3178
Open until 7:00pm
Legal ID: 443039
Home Loans, Scoresby, VIC 3179
Home Loans, Rowville, VIC 3178
Home Loans, Wheelers Hill, VIC 3150
Home Loans, Clayton, VIC 3168
Home Loans, Scoresby, VIC 3179
Home Loans, Hallam, VIC 3803
Home Loans, Wheelers Hill, VIC 3150
Open until 1:00pm
Home Loans, Scoresby, VIC 3179
Home Loans, Endeavour Hills, VIC 3802
Home Loans, Lysterfield, VIC 3156
Home Loans, Keysborough, VIC 3173
Home Loans, Dingley Village, VIC 3172
Mortgage Brokers, Clayton, VIC 3168
(42)
Closed
Legal ID: Australian Credit Representative Number 485430
Mortgage Brokers, Lysterfield, VIC 3156
Mortgage Brokers, Rowville, VIC 3178
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