Home Loans, Nunawading, VIC 3131
Home Loans, Forest Hill, VIC 3131
Home Loans, Burwood East, VIC 3151
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, Wantirna, VIC 3152
Mortgage Brokers, Glen Waverley, VIC 3150
Open until 8:00pm
Legal ID: Australian Credit Licence 389087
Mortgage Brokers, Glen Waverley, VIC 3150
Open until 5:00pm
Legal ID: ACL: 382869
Mortgage Brokers, Forest Hill, VIC 3131
Mortgage Brokers, Forest Hill, VIC 3131
Mortgage Brokers, Wantirna, VIC 3152
Mortgage Brokers, Nunawading, VIC 3131
Mortgage Brokers, Wantirna, VIC 3152
Home Loans, Scoresby, VIC 3179
Home Loans, Box Hill South, VIC 3128
Home Loans, Box Hill, VIC 3128
Open until 6:00pm
Home Loans, Blackburn, VIC 3130
Home Loans, Box Hill, VIC 3128
Home Loans, Box Hill, VIC 3128
Home Loans, Wantirna South, VIC 3152
Home Loans, Blackburn, VIC 3130
Home Loans, Ringwood, VIC 3134
Home Loans, Wheelers Hill, VIC 3150
Home Loans, Mt Waverley, VIC 3149
Home Loans, Clayton, VIC 3168
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