Home Loans, Dingley Village, VIC 3172
Home Loans, Keysborough, VIC 3173
Home Loans, Dingley Village, VIC 3172
Mortgage Brokers, Braeside, VIC 3195
Mortgage Brokers, Mordialloc, VIC 3195
Open until 5:00pm
Legal ID: ACL: 382869
Mortgage Brokers, Braeside, VIC 3195
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, Keysborough, VIC 3173
Mortgage Brokers, Chelsea, VIC 3196
Open until 5:00pm
Legal ID: ACL: 382869
Mortgage Brokers, Dingley Village, VIC 3172
Home Loans, Dandenong, VIC 3175
Home Loans, Dandenong, VIC 3175
Home Loans, Dandenong, VIC 3175
Home Loans, Dandenong, VIC 3175
Home Loans, Patterson Lakes, VIC 3197
Home Loans, Heatherton, VIC 3202
Home Loans, Dandenong, VIC 3175
Home Loans, Dandenong, VIC 3175
Mortgage Brokers, Patterson Lakes, VIC 3197
Open until 6:30pm
Legal ID: Credit Representative Number 492699
Mortgage Brokers, Springvale South, VIC 3172
Banks & Financial Institutions, Dingley Village, VIC 3172
Mortgage Brokers, Beaumaris, VIC 3193
Mortgage Brokers, Springvale, VIC 3171
Mortgage Brokers, Springvale South, VIC 3172
Mortgage Brokers, Dandenong, VIC 3175
Mortgage Brokers, Parkdale, VIC 3195
Mortgage Brokers, Chelsea, VIC 3196
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