Home Loans, Surrey Hills, VIC 3127
Home Loans, Mont Albert, VIC 3127
Home Loans, Box Hill South, VIC 3128
Home Loans, Box Hill, VIC 3128
Open until 6:00pm
Home Loans, Box Hill, VIC 3128
Home Loans, Box Hill, VIC 3128
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, Blackburn, VIC 3130
Home Loans, Blackburn, VIC 3130
Home Loans, Box Hill, VIC 3128
Home Loans, Canterbury, VIC 3126
Home Loans, Box Hill, VIC 3128
Home Loans, Burwood, VIC 3125
Home Loans, Balwyn, VIC 3103
Mortgage Brokers, Camberwell, VIC 3124
Open by appt
Legal ID: Australian Credit Licence (386734)
Mortgage Brokers, Box Hill, VIC 3128
Mortgage Brokers, Surrey Hills, VIC 3127
Mortgage Brokers, Mont Albert, VIC 3127
Mortgage Brokers, Box Hill, VIC 3128
Mortgage Brokers, Camberwell, VIC 3124
Open until 6:00pm
Mortgage Brokers, Box Hill, VIC 3128
Mortgage Brokers, Box Hill, VIC 3128
Mortgage Brokers, Camberwell, VIC 3124
Mortgage Brokers, Box Hill South, VIC 3128
Mortgage Brokers, Box Hill South, VIC 3128
Mortgage Brokers, Box Hill, VIC 3128
Mortgage Brokers, Canterbury, VIC 3126
Mortgage Brokers, Burwood, VIC 3125
Mortgage Brokers, Box Hill South, VIC 3128
Showing results 1 - 35 of 247