Mortgage Brokers, Brinsmead, QLD 4870
Financial Planning, Manoora, QLD 4870
Open by appt
Growing and Protecting your Wealth & Loved-ones
Financial Planning, Cairns City, QLD 4870
Open by appt
Financial Services - Accredited By AMP Financial Planning!
Legal ID: 232706
Mortgage Brokers, Edge Hill, QLD 4870
Mortgage Brokers, Bayview Heights, QLD 4868
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, Cairns City, QLD 4870
Mortgage Brokers, Portsmith, QLD 4870
Open until 6:00pm
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Banks & Financial Institutions, Smithfield, QLD 4878
Open until 1:30pm
Banks & Financial Institutions, Port Douglas, QLD 4877
Finance Brokers, Woree, QLD 4868
Banks & Financial Institutions, Yarrabah, QLD 4871
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Banks & Financial Institutions, Cairns City, QLD 4870
Banks & Financial Institutions, Cairns City, QLD 4870
Finance Brokers, Cairns City, QLD 4870
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Superannuation Fund, Annuity & Rollover Consultants, Cairns City, QLD 4870
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