Home Loans, Salisbury, SA 5108
Home Loans, Elizabeth, SA 5112
Home Loans, Salisbury Park, SA 5109
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, Waterloo Corner, SA 5110
Banks & Financial Institutions, Salisbury, SA 5108
Open until 8:00pm
Legal ID: Team of experienced & friendly professionals
Banks & Financial Institutions, Salisbury, SA 5108
Mortgage Brokers, Modbury Heights, SA 5092
Mortgage Brokers, Edinburgh North, SA 5113
Mortgage Brokers, Gulfview Heights, SA 5096
Mortgage Brokers, Golden Grove, SA 5125
Mortgage Brokers, Mawson Lakes, SA 5095
Mortgage Brokers, Mawson Lakes, SA 5095
Home Loans, Gepps Cross, SA 5094
Home Loans, Blair Athol, SA 5084
Home Loans, Hope Valley, SA 5090
Finance--Short Term Loans, Salisbury, SA 5108
Mortgage Brokers, Gilles Plains, SA 5086
Mortgage Brokers, Redwood Park, SA 5097
Open until 5:00pm
Legal ID: ACL: 382869
Mortgage Brokers, Modbury, SA 5092
Open until 5:00pm
Legal ID: ACL: 382869
Mortgage Brokers, North Haven, SA 5018
Banks & Financial Institutions, Mawson Lakes, SA 5095
Open until 8:00pm
Legal ID: Team of experienced & friendly professionals
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