Home Loans, Essendon, VIC 3040
Home Loans, Maidstone, VIC 3012
Home Loans, Avondale Heights, VIC 3034
Home Loans, Essendon North, VIC 3041
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, Essendon, VIC 3040
Mortgage Brokers, Keilor East, VIC 3033
Mortgage Brokers, Niddrie, VIC 3042
Mortgage Brokers, Niddrie, VIC 3042
Mortgage Brokers, Essendon North, VIC 3041
Mortgage Brokers, Keilor East, VIC 3033
Mortgage Brokers, Moonee Ponds, VIC 3039
Home Loans, Brunswick, VIC 3056
Open until 8:00pm
Home Loans, Moonee Ponds, VIC 3039
Open until 7:00pm
Home Loans, Ascot Vale, VIC 3032
Home Loans, Braybrook, VIC 3019
Home Loans, Gladstone Park, VIC 3043
Home Loans, Yarraville, VIC 3013
Open until 5:00pm
Legal ID: ACL: 382869
Home Loans, Brunswick, VIC 3056
Home Loans, Coburg, VIC 3058
Home Loans, North Melbourne, VIC 3051
Home Loans, Pascoe Vale, VIC 3044
Home Loans, Flemington, VIC 3031
Home Loans, Glenroy, VIC 3046
Home Loans, Pascoe Vale, VIC 3044
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