Home Loans, Inverloch, VIC 3996
Home Loans, Koo Wee Rup, VIC 3981
Open until 9:00pm
Let Us Help You Make The Right Choice With Your Finance
Legal ID: Australia Credit License Number 389087
Mortgage Brokers, Beaconsfield, VIC 3807
Open until 6:00pm
Your Local Loan Specialist. Home/Investment Loans & Business/Car Loans
Legal ID: 392981
Home Loans, Leongatha, VIC 3953
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, Wonthaggi, VIC 3995
Banks & Financial Institutions, Tarwin Lower, VIC 3956
Banks & Financial Institutions, Inverloch, VIC 3996
Mortgage Brokers, Baromi, VIC 3871
Open until 8:00pm
3 Murray St, Baromi, VIC, 3871
Mortgage Brokers, San Remo, VIC 3925
Home Loans, Warragul, VIC 3820
Home Loans, Clyde North, VIC 3978
Home Loans, Cranbourne, VIC 3977
Home Loans, Cranbourne, VIC 3977
Home Loans, Clyde North, VIC 3978
Legal ID: 500328
Home Loans, Traralgon, VIC 3844
Home Loans, Cranbourne, VIC 3977
Home Loans, Cranbourne, VIC 3977
Home Loans, Cranbourne West, VIC 3977
Home Loans, Cranbourne North, VIC 3977
Home Loans, Langwarrin, VIC 3910
Mortgage Brokers, Clyde North, VIC 3978
Open until 5:00pm
Legal ID: 510508
Mortgage Brokers, Somerville, VIC 3912
Mortgage Brokers, Clyde North, VIC 3978
Open until 5:00pm
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