Mortgage Brokers, Scoresby, VIC 3179
Mortgage Brokers, Donvale, VIC 3111
Mortgage Brokers, Mt Waverley, VIC 3149
Mortgage Brokers, Mt Waverley, VIC 3149
Mortgage Brokers, Mt Waverley, VIC 3149
Mortgage Brokers, Blackburn, VIC 3130
Mortgage Brokers, Blackburn North, VIC 3130
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, Box Hill, VIC 3128
Mortgage Brokers, Box Hill, VIC 3128
Mortgage Brokers, Clayton, VIC 3168
Mortgage Brokers, Clayton, VIC 3168
Mortgage Brokers, Mt Waverley, VIC 3149
Mortgage Brokers, Ringwood, VIC 3134
Mortgage Brokers, Blackburn, VIC 3130
Mortgage Brokers, Blackburn, VIC 3130
Mortgage Brokers, Box Hill South, VIC 3128
Mortgage Brokers, Wheelers Hill, VIC 3150
Mortgage Brokers, Bayswater, VIC 3153
Mortgage Brokers, Wheelers Hill, VIC 3150
Mortgage Brokers, Box Hill South, VIC 3128
Mortgage Brokers, Box Hill South, VIC 3128
Mortgage Brokers, Knoxfield, VIC 3180
Mortgage Brokers, Knoxfield, VIC 3180
Mortgage Brokers, Box Hill, VIC 3128
Mortgage Brokers, Ferntree Gully, VIC 3156
Mortgage Brokers, Bayswater, VIC 3153
Mortgage Brokers, Mulgrave, VIC 3170
Mortgage Brokers, Doncaster East, VIC 3109
Mortgage Brokers, Clayton, VIC 3168
Home Loans, Rowville, VIC 3178
Open until 7:00pm
Legal ID: 443039
Home Loans, Noble Park North, VIC 3174
Home Loans, Doncaster, VIC 3108