Financial Planning, New Lambton, NSW 2305
Not provided
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Legal ID: Friendly and experienced team
Banks & Financial Institutions, Stockton, NSW 2295
Open until 1:00pm
Banks & Financial Institutions, Raymond Terrace, NSW 2324
Open until 1:00pm
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.
Banks & Financial Institutions, Glendale, NSW 2285
Open until 3:00pm
Banks & Financial Institutions, Medowie, NSW 2318
Banks & Financial Institutions, Raymond Terrace, NSW 2324
Finance Brokers, Newcastle West, NSW 2302
Legal ID: Australian Credit Licence # 388201
Banks & Financial Institutions, Jesmond, NSW 2299
Open until 1:00pm
Banks & Financial Institutions, Mayfield, NSW 2304
Open until 1:00pm
Banks & Financial Institutions, Newcastle West, NSW 2302
Open until 1:00pm
Banks & Financial Institutions, Waratah, NSW 2298
Open until 1:00pm
Banks & Financial Institutions, Tanilba Bay, NSW 2319
Open until 1:00pm
Banks & Financial Institutions, Wallsend, NSW 2287
Open until 1:00pm
Banks & Financial Institutions, Lambton, NSW 2299
Open until 1:00pm
Banks & Financial Institutions, Kotara, NSW 2289
Open until 1:00pm
Banks & Financial Institutions, Hamilton, NSW 2303
Open until 1:00pm
Banks & Financial Institutions, Mayfield, NSW 2304
Banks & Financial Institutions, Newcastle, NSW 2300
Banks & Financial Institutions, Charlestown, NSW 2290
Open until 1:00pm
Banks & Financial Institutions, Cardiff, NSW 2285
Open until 1:00pm
Banks & Financial Institutions, Glendale, NSW 2285
Open until 1:00pm
Banks & Financial Institutions, Salamander Bay, NSW 2317
Open until 1:00pm
Banks & Financial Institutions, Warners Bay, NSW 2282
Open until 1:00pm
Banks & Financial Institutions, Warners Bay, NSW 2282
Banks & Financial Institutions, East Maitland, NSW 2323
Banks & Financial Institutions, Charlestown, NSW 2290
Financial Planning, Merewether, NSW 2291
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Financial Planning
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