Home Loans, Nerang, QLD 4211
Open until 5:00pm
Mortgage Introducers
Legal ID: Refinancing
Mortgage Brokers, Palm Beach, QLD 4221
Mortgage Brokers, Varsity Lakes, QLD 4227
Mortgage Brokers, Varsity Lakes, QLD 4227
Mortgage Brokers, Varsity Lakes, QLD 4227
Mortgage Brokers, Robina, QLD 4226
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, Mudgeeraba, QLD 4213
Mortgage Brokers, Mermaid Waters, QLD 4218
Mortgage Brokers, Tallai, QLD 4213
Mortgage Brokers, Burleigh Waters, QLD 4220
Banks & Financial Institutions, Robina, QLD 4226
Open until 6:00pm
Home Loans, Broadbeach, QLD 4218
Open until 5:00pm
Legal ID: 390 418
Home Loans, Tweed Heads, NSW 2485
Home Loans, Bundall, QLD 4217
Home Loans, Broadbeach Waters, QLD 4218
Home Loans, Bundall, QLD 4217
Home Loans, Bundall, QLD 4217
Home Loans, Southport, QLD 4215
Home Loans, Tweed Heads, NSW 2485
Home Loans, Tweed Heads South, NSW 2486
Home Loans, Tweed Heads South, NSW 2486
Home Loans, Surfers Paradise, QLD 4217
Home Loans, Ashmore, QLD 4214
Home Loans, Broadbeach, QLD 4218
Open until 5:00pm
Home Loans, Tweed Heads, NSW 2485
Home Loans, Tweed Heads South, NSW 2486
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