Home Loans, Broadmeadow, NSW 2292
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Your Mortgage & Insurance Specialist
Legal ID: Australian Credit Licence No. 391931
Home Loans, Hamilton, NSW 2303
Home Loans, New Lambton, NSW 2305
Home Loans, Adamstown, NSW 2289
Home Loans, New Lambton, NSW 2305
Mortgage Brokers, Lambton, NSW 2299
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, Broadmeadow, NSW 2292
Mortgage Brokers, Broadmeadow, NSW 2292
Mortgage Brokers, Mayfield West, NSW 2304
Mortgage Brokers, Wickham, NSW 2293
Mortgage Brokers, Adamstown, NSW 2289
Mortgage Brokers, New Lambton, NSW 2305
Mortgage Brokers, Lambton, NSW 2299
Mortgage Brokers, Lambton, NSW 2299
Mortgage Brokers, New Lambton, NSW 2305
Banks & Financial Institutions, Broadmeadow, NSW 2292
Banks & Financial Institutions, Mayfield, NSW 2304
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Finance Brokers, Newcastle West, NSW 2302
Legal ID: Australian Credit Licence # 388201
Banks & Financial Institutions, Jesmond, NSW 2299
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Banks & Financial Institutions, Waratah, NSW 2298
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Banks & Financial Institutions, Newcastle West, NSW 2302
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Banks & Financial Institutions, Lambton, NSW 2299
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Banks & Financial Institutions, Hamilton, NSW 2303
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Home Loans, Cardiff South, NSW 2285
Home Loans, Charlestown, NSW 2290
Home Loans, Newcastle, NSW 2300
Home Loans, Newcastle, NSW 2300
Home Loans, Newcastle East, NSW 2300
Home Loans, Charlestown, NSW 2290
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