Home Loans, Woodville, SA 5011
Home Loans, Flinders Park, SA 5025
Mortgage Brokers, Croydon Park, SA 5008
Mortgage Brokers, Thebarton, SA 5031
Mortgage Brokers, Prospect, SA 5082
Mortgage Brokers, Prospect, SA 5082
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.
Finance Brokers, Beverley, SA 5009
Open by appt
Home Loans, Wayville, SA 5034
Open by appt
Home Loans, Marden, SA 5070
Home Loans, Adelaide, SA 5000
Open by appt
Legal ID: 100% Privately Owned South Australian Business
Home Loans, Manningham, SA 5086
Not provided
Home Loans, Adelaide, SA 5000
Home Loans, Torrensville, SA 5031
Home Loans, Mile End, SA 5031
Home Loans, Sefton Park, SA 5083
Home Loans, Brooklyn Park, SA 5032
Home Loans, Blair Athol, SA 5084
Home Loans, St Peters, SA 5069
Home Loans, Gepps Cross, SA 5094
Home Loans, North Adelaide, SA 5006
Home Loans, Adelaide, SA 5000
Home Loans, Richmond, SA 5033
Home Loans, Adelaide, SA 5000
Home Loans, Adelaide, SA 5000
Home Loans, Adelaide, SA 5000
Home Loans, Underdale, SA 5032
Home Loans, Mile End, SA 5031
Home Loans, North Adelaide, SA 5006
Home Loans, Medindie, SA 5081
Showing results 1 - 35 of 186