Mortgage Brokers, South Perth, WA 6151
Mortgage Brokers, South Perth, WA 6151
Mortgage Brokers, East Victoria Park, WA 6101
Mortgage Brokers, Huntingdale, WA 6110
Mortgage Brokers, East Victoria Park, WA 6101
Mortgage Brokers, Fremantle, WA 6160
Mortgage Brokers, Karawara, WA 6152
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, Como, WA 6152
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Mortgage Brokers, Banjup, WA 6164
Mortgage Brokers, Thornlie, WA 6108
Banks & Financial Institutions, Booragoon, WA 6154
Open until 8:00pm
Legal ID: Team of experienced & friendly professionals
Banks & Financial Institutions, Fremantle, WA 6160
Open until 8:00pm
Banks & Financial Institutions, Cannington, WA 6107
Open until 8:00pm
Legal ID: Team of experienced & friendly professionals
Open until 9:00pm
Superannuation Fund, Annuity & Rollover Consultants, Fremantle, WA 6160
Open until 5:30pm
Legal ID: Complete professional accounting services
Financial Planning, Applecross, WA 6153
Financial Planning, Fremantle, WA 6160
Open until 5:30pm
Financial Planning, Ardross, WA 6153
Financial Planning, Alfred Cove, WA 6154
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Banks & Financial Institutions, Cannington, WA 6107
Banks & Financial Institutions, Claremont, WA 6010
Banks & Financial Institutions, Southern River, WA 6110
Financial Planning, Mt Pleasant, WA 6153
Finance Brokers, Nedlands, WA 6009
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