Home Loans, Bibra Lake, WA 6163
Home Loans, Oconnor, WA 6163
Home Loans, Bull Creek, WA 6149
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, Fremantle, WA 6160
Home Loans, Fremantle, WA 6160
Home Loans, Success, WA 6164
Home Loans, Myaree, WA 6154
Home Loans, Beaconsfield, WA 6162
Mortgage Brokers, Success, WA 6164
Open until 7:00pm
Legal ID: ASIC Credit Rep 477793
Mortgage Brokers, Fremantle, WA 6160
Mortgage Brokers, Oconnor, WA 6163
Mortgage Brokers, Oconnor, WA 6163
Mortgage Brokers, East Fremantle, WA 6158
Mortgage Brokers, Fremantle, WA 6160
Open until 5:00pm
Legal ID: ACL: 382869
Mortgage Brokers, Fremantle, WA 6160
Mortgage Brokers, Winthrop, WA 6150
Mortgage Brokers, Fremantle, WA 6160
Mortgage Brokers, Winthrop, WA 6150
Home Loans, Willetton, WA 6155
Home Loans, Willetton, WA 6155
Home Loans, Willetton, WA 6155
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