Home Loans, Aintree, VIC 3336
Home Loans, Melton, VIC 3337
Home Loans, Hoppers Crossing, VIC 3029
Home Loans, Caroline Springs, VIC 3023
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, Melton South, VIC 3338
Home Loans, Melton, VIC 3337
Home Loans, Caroline Springs, VIC 3023
Home Loans, Caroline Springs, VIC 3023
Home Loans, Caroline Springs, VIC 3023
Home Loans, Truganina, VIC 3029
Mortgage Brokers, Manor Lakes, VIC 3024
(4)
Open until 8:00pm
Legal ID: Lathas Pty Ltd Is A Credit Representative (No. 491733) Of Money Quest Australia Pty Ltd, Australian Credit Licence 487823
Mortgage Brokers, Tarneit, VIC 3029
(4)
Open until 8:00pm
Legal ID: Lathas Pty Ltd Is A Credit Representative (No. 491733) Of Money Quest Australia Pty Ltd, Australian Credit Licence 487823
Mortgage Brokers, Caroline Springs, VIC 3023
Mortgage Brokers, Melton West, VIC 3337
Open until 5:00pm
Mortgage Brokers, Tarneit, VIC 3029
Mortgage Brokers, Caroline Springs, VIC 3023
Mortgage Brokers, Brookfield, VIC 3338
Mortgage Brokers, Kurunjang, VIC 3337
Mortgage Brokers, Melton West, VIC 3337
Mortgage Brokers, Caroline Springs, VIC 3023
Mortgage Brokers, Melton, VIC 3337
Mortgage Brokers, Tarneit, VIC 3029
Mortgage Brokers, Truganina, VIC 3029
Mortgage Brokers, Tarneit, VIC 3029
Mortgage Brokers, Tarneit, VIC 3029
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