Home Loans, Gladstone Park, VIC 3043
Home Loans, Broadmeadows, VIC 3047
Home Loans, Glenroy, VIC 3046
Home Loans, Pascoe Vale, VIC 3044
Mortgage Brokers, Glenroy, VIC 3046
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, Glenroy, VIC 3046
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Mortgage Brokers, Niddrie, VIC 3042
Mortgage Brokers, Glenroy, VIC 3046
Mortgage Brokers, Glenroy, VIC 3046
Mortgage Brokers, Attwood, VIC 3049
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Open until 5:00pm
Home Loans, Essendon, VIC 3040
Home Loans, Moonee Ponds, VIC 3039
Open until 7:00pm
Home Loans, Keilor Downs, VIC 3038
Open until 6:00pm
Home Loans, Ascot Vale, VIC 3032
Home Loans, Roxburgh Park, VIC 3064
Home Loans, Coburg, VIC 3058
Home Loans, Essendon North, VIC 3041
Home Loans, Pascoe Vale, VIC 3044
Home Loans, Essendon, VIC 3040
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Home Loans, Coburg, VIC 3058
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Mortgage Brokers, Coburg North, VIC 3058
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Legal ID: Credit Representative Number 514066 is authorised under Australian Credit Licence 384324
Mortgage Brokers, Keilor Park, VIC 3042
Mortgage Brokers, Coburg, VIC 3058
Open until 5:00pm
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