Home Loans, Melbourne, VIC 3000
Mortgage Brokers, Melbourne, VIC 3000
Open until 8:30pm
Solutions Driven Mortgage And Finance Professional
Mortgage Brokers, servicing Melbourne
Legal ID: Vautes Investments Pty Ltd Trading As Clark Finance Group ABN 53179089330 (CRN 489344) & Vaughan Clark (CRN 489455) Are Authorised Credit Representatives Of NewCo Financial Services Pty Ltd - Australian Credit Licence No.385054
Mortgage Brokers, Northcote, VIC 3070
Open until 5:00pm
Personalised Mortgage Broking Advice.
Home Loans, Melbourne, VIC 3000
Legal ID: Australian Credit Licence No 390620
Home Loans, Melbourne, VIC 3000
Home Loans, Essendon North, VIC 3041
Home Loans, Collingwood, VIC 3066
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.
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Mortgage Brokers, Melbourne, VIC 3000
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Mortgage Brokers, Melbourne, VIC 3000
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Open until 6:00pm
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Open until 5:00pm
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Mortgage Brokers, Melbourne, VIC 3000
Mortgage Brokers, Melbourne, VIC 3000