Home Loans, Edwardstown, SA 5039
Mortgage Brokers, Daw Park, SA 5041
Mortgage Brokers, Glengowrie, SA 5044
Mortgage Brokers, Plympton Park, SA 5038
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, Wayville, SA 5034
Open until 5:00pm
Home Loans, Glenelg, SA 5045
Home Loans, Unley, SA 5061
Open until 5:00pm
Legal ID: ACL: 382869
Home Loans, Myrtle Bank, SA 5064
Home Loans, Glenelg, SA 5045
Home Loans, Richmond, SA 5033
Home Loans, Keswick, SA 5035
Home Loans, Wayville, SA 5034
Home Loans, Unley, SA 5061
Mortgage Brokers, Aberfoyle Park, SA 5159
Open by appt
Legal ID: 391237
Mortgage Brokers, Hyde Park, SA 5061
Banks & Financial Institutions, Oaklands Park, SA 5046
Banks & Financial Institutions, Glenelg, SA 5045
Mortgage Brokers, Daw Park, SA 5041
Mortgage Brokers, Blackwood, SA 5051
Open until 5:00pm
Legal ID: ACL: 382869
Mortgage Brokers, Glenelg, SA 5045
Mortgage Brokers, Glenelg East, SA 5045
Mortgage Brokers, Blackwood, SA 5051
Mortgage Brokers, Unley, SA 5061
Mortgage Brokers, Eden Hills, SA 5050
Open until 10:00pm
Mortgage Brokers, Myrtle Bank, SA 5064
Mortgage Brokers, Unley, SA 5061
Mortgage Brokers, Myrtle Bank, SA 5064
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