Home Loans, Bowraville, NSW 2449
Mortgage Brokers, Nambucca Heads, NSW 2448
Open by appt
Home Loans Specialist, Financing Your Future
Mortgage Brokers, servicing Nambucca heads
Home Loans, Coffs Harbour, NSW 2450
Home Loans, Woolgoolga, NSW 2456
Home Loans, Toormina, NSW 2452
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, Coffs Harbour, NSW 2450
Home Loans, Coffs Harbour, NSW 2450
Home Loans, Korora, NSW 2450
Home Loans, Toormina, NSW 2452
Mortgage Brokers, Macksville, NSW 2447
Mortgage Brokers, Coffs Harbour, NSW 2450
Mortgage Brokers, Coffs Harbour, NSW 2450
Mortgage Brokers, Coffs Harbour, NSW 2450
Mortgage Brokers, Coffs Harbour, NSW 2450
Mortgage Brokers, Coffs Harbour, NSW 2450
Mortgage Brokers, Coffs Harbour, NSW 2450
Banks & Financial Institutions, Armidale, NSW 2350
Open until 6:00pm
Finance Brokers, Coffs Harbour, NSW 2450
Banks & Financial Institutions, Coffs Harbour, NSW 2450
Open until 6:00pm
Showing results 1 - 35 of 39