Banks & Financial Institutions, Southern River, WA 6110
Finance Brokers, Subiaco, WA 6008
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Finance Brokers, East Victoria Park, WA 6101
Finance Brokers, Victoria Park, WA 6100
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.
Financial Planning, Applecross, WA 6153
Financial Planning, Ardross, WA 6153
Financial Planning, Alfred Cove, WA 6154
Banks & Financial Institutions, Claremont, WA 6010
Banks & Financial Institutions, Claremont, WA 6010
Banks & Financial Institutions, Subiaco, WA 6008
Banks & Financial Institutions, Forrestfield, WA 6058
Financial Planning, Mt Pleasant, WA 6153
Finance Brokers, Nedlands, WA 6009
Finance Brokers, Subiaco, WA 6008
Finance Brokers, Perth, WA 6000
Finance Brokers, Leederville, WA 6007
Financiers & Investors, Subiaco, WA 6008
Financial Planning, Subiaco, WA 6008
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Financial Planning, Perth, WA 6000
Financial Planning, Perth, WA 6000
Financial Planning, Subiaco, WA 6008
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