Home Loans, Acacia Ridge, QLD 4110
Banks & Financial Institutions, Mt Gravatt, QLD 4122
Banks & Financial Institutions, Sunnybank, QLD 4109
Banks & Financial Institutions, Moorooka, QLD 4105
Banks & Financial Institutions, Upper Mt Gravatt, QLD 4122
Banks & Financial Institutions, Holland Park West, QLD 4121
Banks & Financial Institutions, Sunnybank, QLD 4109
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, Eight Mile Plains, QLD 4113
Mortgage Brokers, Runcorn, QLD 4113
Mortgage Brokers, Woolloongabba, QLD 4102
Mortgage Brokers, East Brisbane, QLD 4169
Mortgage Brokers, Carina Heights, QLD 4152
(1)
Open 24 hours
Mortgage Brokers, Stretton, QLD 4116
Mortgage Brokers, East Brisbane, QLD 4169
Mortgage Brokers, Eight Mile Plains, QLD 4113
Not provided
Legal ID: ACL: 382869
Mortgage Brokers, Norman Park, QLD 4170
Mortgage Brokers, Norman Park, QLD 4170
Not provided
Legal ID: ACL: 382869
Mortgage Brokers, Corinda, QLD 4075
Mortgage Brokers, Sunnybank Hills, QLD 4109
Mortgage Brokers, Woolloongabba, QLD 4102
Mortgage Brokers, Yeerongpilly, QLD 4105
Mortgage Brokers, Woolloongabba, QLD 4102
Mortgage Brokers, Mackenzie, QLD 4156
Finance Brokers, Upper Mt Gravatt, QLD 4122
Home Loans, Graceville, QLD 4075
Closed
Home Loans, Brisbane City, QLD 4000
Home Loans, Brisbane City, QLD 4000
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Legal ID: ACL: 382869
Home Loans, Brisbane City, QLD 4000
Mortgage Brokers
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Locations: Goodna, Browns Plains, City, Logan Central & Stones Corner