Home Loans, Victoria Point, QLD 4165
Home Loans, Upper Mt Gravatt, QLD 4122
Home Loans, Eight Mile Plains, QLD 4113
Home Loans, Eight Mile Plains, QLD 4113
Home Loans, Sunnybank, QLD 4109
Home Loans, Wishart, QLD 4122
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, Upper Mt Gravatt, QLD 4122
Mortgage Brokers, Browns Plains, QLD 4118
Legal ID: MFAA Approved Broker
Mortgage Brokers, Springwood, QLD 4127
Legal ID: MFAA Approved Broker
Mortgage Brokers, Underwood, QLD 4119
Mortgage Brokers, Browns Plains, QLD 4118
Mortgage Brokers, Browns Plains, QLD 4118
Mortgage Brokers, Browns Plains, QLD 4118
Open until 5:00pm
Mortgage Brokers, Slacks Creek, QLD 4127
Mortgage Brokers, Regents Park, QLD 4118
Mortgage Brokers, Calamvale, QLD 4116
Banks & Financial Institutions, Logan Central, QLD 4114
Mortgage Brokers, Victoria Point, QLD 4165
Open until 9:00pm
Mortgage Brokers, Victoria Point, QLD 4165
Mortgage Brokers, North Maclean, QLD 4280
Mortgage Brokers, Victoria Point, QLD 4165
Mortgage Brokers, Eight Mile Plains, QLD 4113
Mortgage Brokers, Runcorn, QLD 4113
Mortgage Brokers, Victoria Point, QLD 4165
Mortgage Brokers, Pimpama, QLD 4209
Open until 5:30pm
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