Banks & Financial Institutions, Innisfail, QLD 4860
Financial Planning, Manoora, QLD 4870
Closed
Growing and Protecting your Wealth & Loved-ones
Financial Planning, Cairns City, QLD 4870
Open by appt
Financial Services - Accredited By AMP Financial Planning!
Legal ID: 232706
Banks & Financial Institutions, Tully, QLD 4854
Banks & Financial Institutions, Wongaling Beach, QLD 4852
Banks & Financial Institutions, Ingham, QLD 4850
Banks & Financial Institutions, Julia Creek, QLD 4823
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.
Finance Brokers, Cairns City, QLD 4870
(5)
Superannuation Fund, Annuity & Rollover Consultants, Cairns City, QLD 4870
Financial Planning, Manoora, QLD 4870
Financial Planning, Westcourt, QLD 4870
Closed
Legal ID: A locally owned and operated business
Financial Planning, Earlville, QLD 4870
Car Loans & Motor Vehicle Finance, Cairns City, QLD 4870
Showing results 71 - 84 of 84