Home Loans, Acacia Ridge, QLD 4110
Home Loans, Oxley, QLD 4075
Home Loans, Graceville, QLD 4075
Open until 5:00pm
Home Loans, Robertson, QLD 4109
Home Loans, Forest Lake, QLD 4078
Home Loans, Stretton, QLD 4116
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, Upper Mt Gravatt, QLD 4122
Home Loans, Browns Plains, QLD 4118
Open until 5:00pm
Legal ID: ACL: 382869
Home Loans, Seventeen Mile Rocks, QLD 4073
Home Loans, Sunnybank, QLD 4109
Home Loans, Middle Park, QLD 4074
Mortgage Brokers, Seventeen Mile Rocks, QLD 4073
Banks & Financial Institutions, Acacia Ridge, QLD 4110
Mortgage Brokers, Browns Plains, QLD 4118
Legal ID: MFAA Approved Broker
Mortgage Brokers, Moorooka, QLD 4105
Mortgage Brokers, Middle Park, QLD 4074
Mortgage Brokers, Forest Lake, QLD 4078
Mortgage Brokers, Runcorn, QLD 4113
Mortgage Brokers, Browns Plains, QLD 4118
Mortgage Brokers, Stretton, QLD 4116
Mortgage Brokers, Sinnamon Park, QLD 4073
Mortgage Brokers, Forest Lake, QLD 4078
Open until 5:00pm
Legal ID: ACL: 382869
Mortgage Brokers, Mt Ommaney, QLD 4074
Mortgage Brokers, Mt Ommaney, QLD 4074
Mortgage Brokers, Eight Mile Plains, QLD 4113
Open until 5:00pm
Legal ID: ACL: 382869
Mortgage Brokers, Browns Plains, QLD 4118
Open until 5:00pm
Mortgage Brokers, Corinda, QLD 4075
Mortgage Brokers, Upper Mt Gravatt, QLD 4122
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