Banks & Financial Institutions, Hamilton, NSW 2303
Open until 6:00pm
Home Loans, Cardiff South, NSW 2285
Financial Planning, New Lambton, NSW 2305
Open until 5:00pm
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Legal ID: Friendly and experienced team
Home Loans, Mt Hutton, NSW 2290
Home Loans, Warners Bay, NSW 2282
Home Loans, Newcastle, NSW 2300
Home Loans, Charlestown, NSW 2290
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, Newcastle East, NSW 2300
Home Loans, Redhead, NSW 2290
Mortgage Brokers, Lambton, NSW 2299
Banks & Financial Institutions, Charlestown, NSW 2290
Mortgage Brokers, Charlestown, NSW 2290
Open by appt
Mortgage Brokers, Newcastle, NSW 2300
Open until 6:00pm
Mortgage Brokers, Newcastle, NSW 2300
Mortgage Brokers, Wallsend, NSW 2287
Mortgage Brokers, Cardiff, NSW 2285
Mortgage Brokers, Cardiff, NSW 2285
Open until 5:00pm
Legal ID: ACL: 382869
Mortgage Brokers, Lambton, NSW 2299
Mortgage Brokers, Cardiff, NSW 2285
Legal ID: Superannuation
Mortgage Brokers, Lambton, NSW 2299
Mortgage Brokers, Newcastle, NSW 2300
Mortgage Brokers, Mayfield West, NSW 2304
Mortgage Brokers, Cardiff, NSW 2285
Mortgage Brokers, Elermore Vale, NSW 2287
Home Loans, Warners Bay, NSW 2282
Home Loans, Belmont, NSW 2280
Home Loans, Belmont, NSW 2280
Home Loans, Macquarie Hills, NSW 2285
Home Loans, Belmont, NSW 2280
Home Loans, Belmont, NSW 2280
Home Loans, Belmont, NSW 2280
Financial Planning, Merewether, NSW 2291
Open until 5:00pm
Financial Planning
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