Home Loans, Merrylands, NSW 2160
Home Loans, Merrylands, NSW 2160
Home Loans, Merrylands West, NSW 2160
Home Loans, Parramatta, NSW 2150
Home Loans, Parramatta, NSW 2150
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, Parramatta, NSW 2150
Home Loans, Guildford, NSW 2161
Home Loans, Granville, NSW 2142
Home Loans, Parramatta, NSW 2150
Home Loans, Parramatta, NSW 2150
Home Loans, Harris Park, NSW 2150
Home Loans, Harris Park, NSW 2150
Home Loans, Parramatta, NSW 2150
Home Loans, Parramatta, NSW 2150
Home Loans, Parramatta, NSW 2150
Home Loans, Parramatta, NSW 2150
Mortgage Brokers, Parramatta, NSW 2150
Not provided
Legal ID: Credit Representative 528658
Mortgage Brokers, Parramatta, NSW 2150
Mortgage Brokers, Parramatta, NSW 2150
Mortgage Brokers, Merrylands, NSW 2160
Mortgage Brokers, Merrylands, NSW 2160
Mortgage Brokers, Merrylands West, NSW 2160
Mortgage Brokers, Parramatta, NSW 2150
Not provided
Legal ID: ACL: 382869
Mortgage Brokers, Parramatta, NSW 2150
Mortgage Brokers, Parramatta, NSW 2150
Mortgage Brokers, Parramatta, NSW 2150
Based on 52 reviews of 34 businesses on this page
Showing results 1 - 35 of 168