Local Home Loans in Sanderston SA

8 Results for Home Loans Near You







Barossa Financial Services

Mortgage Brokers, Tanunda, SA 5352


Open by appt

Legal ID: 232706

Lending Solutions

Mortgage Brokers, Tanunda, SA 5352


South Aussie Home Loans

Mortgage Brokers, Cockatoo Valley, SA 5351


Lending Solutions.

Mortgage Brokers, Tanunda, SA 5352

Not provided

Nab

Banks & Financial Institutions, Nuriootpa, SA 5355

Mansell Financial Services

Financial Planning, Nuriootpa, SA 5355

Handy tips

Should you get low deposit home loans?

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.

Charter Financial Planning

Financial Planning, Nuriootpa, SA 5355

Not provided

Legal ID: Creating financial solutions for your life