Mortgage Brokers, Wangi Wangi, NSW 2267
Finance Brokers, Toronto, NSW 2283
Open by appt
Finance Available, Apply For Finance
Legal ID: 000390356
Mortgage Brokers, Charlestown, NSW 2290
Open by appt
Mortgage Brokers, Charlestown, NSW 2290
Mortgage Brokers, Belmont, NSW 2280
Mortgage Brokers, Fishing Point, NSW 2283
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, Charlestown, NSW 2290
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Mortgage Brokers, Wangi Wangi, NSW 2267
Mortgage Brokers, New Lambton, NSW 2305
Banks & Financial Institutions, Glendale, NSW 2285
Open until 8:00pm
Banks & Financial Institutions, Belmont, NSW 2280
Open until 8:00pm
Banks & Financial Institutions, Toronto, NSW 2283
Open until 6:00pm
Banks & Financial Institutions, Warners Bay, NSW 2282
Open until 6:00pm
Banks & Financial Institutions, Glendale, NSW 2285
Open until 6:00pm
Banks & Financial Institutions, Cardiff, NSW 2285
Open until 6:00pm
Banks & Financial Institutions, Warners Bay, NSW 2282
Banks & Financial Institutions, Jesmond, NSW 2299
Open until 6:00pm
Banks & Financial Institutions, Belmont, NSW 2280
Open until 6:00pm
Banks & Financial Institutions, Wallsend, NSW 2287
Open until 6:00pm
Banks & Financial Institutions, Charlestown, NSW 2290
Open until 6:00pm
Banks & Financial Institutions, Kotara, NSW 2289
Open until 6:00pm
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