Home Loans, Maddington, WA 6109
Open until 6:00pm
Home Loans, Cannington, WA 6107
Not provided
Legal ID: Australian Credit Licence 382869
Home Loans, Southern River, WA 6110
Home Loans, Beckenham, WA 6107
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, Gosnells, WA 6110
Mortgage Brokers, Kewdale, WA 6105
Not provided
Mortgage Brokers, Kewdale, WA 6105
(1)
Open 24 hours
Mortgage Brokers, Cannington, WA 6107
Mortgage Brokers, Welshpool, WA 6106
Mortgage Brokers, Kalamunda, WA 6076
Not provided
Legal ID: ACL: 382869
Mortgage Brokers, East Cannington, WA 6107
Mortgage Brokers, Huntingdale, WA 6110
Mortgage Brokers, Thornlie, WA 6108
Mortgage Brokers, Queens Park, WA 6107
Mortgage Brokers, Welshpool, WA 6106
Mortgage Brokers, Parkwood, WA 6147
Home Loans, Willetton, WA 6155
Home Loans, Victoria Park, WA 6100
Home Loans, Burswood, WA 6100
Home Loans, Willetton, WA 6155
Home Loans, Canning Vale, WA 6155
Home Loans, Canning Vale, WA 6155
Home Loans, Willetton, WA 6155
Home Loans, Victoria Park, WA 6100
Home Loans, Victoria Park, WA 6100
Home Loans, Ascot, WA 6104
Mortgage Brokers, South Perth, WA 6151
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