Mortgage Brokers, West Busselton, WA 6280
Open by appt
Loans & Mortgage Solutions
Legal ID: Authorised Credit Representative: 391285 & 391286
Mortgage Brokers, Donnybrook, WA 6239
Mortgage Brokers, Manjimup, WA 6258
Home Loans, Dunsborough, WA 6281
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, Busselton, WA 6280
Mortgage Brokers, Busselton, WA 6280
Mortgage Brokers, Busselton, WA 6280
Mortgage Brokers, Margaret River, WA 6285
Mortgage Brokers, Bunbury, WA 6230
Mortgage Brokers, Vittoria, WA 6230
Mortgage Brokers, Australind, WA 6233
Not provided
Legal ID: ACL: 382869
Mortgage Brokers, Bunbury, WA 6230
Mortgage Brokers, Bunbury, WA 6230
Banks & Financial Institutions, Capel, WA 6271
Banks & Financial Institutions, Dunsborough, WA 6281
Superannuation Fund, Annuity & Rollover Consultants, Bunbury, WA 6230
Financial Planning, Busselton, WA 6280
Financial Planning, Bunbury, WA 6230
Financial Planning, Bunbury, WA 6230
Based on 19 reviews of 14 businesses on this page