Financiers & Investors, Browns Plains, QLD 4118
Open until 5:00pm
Locations: Goodna, Browns Plains, City, Logan Central & Stones Corner
Mortgage Brokers, North Maclean, QLD 4280
Mortgage Brokers, Browns Plains, QLD 4118
Legal ID: MFAA Approved Broker
Mortgage Brokers, Daisy Hill, QLD 4127
Mortgage Brokers, Hope Island, QLD 4212
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, Shailer Park, QLD 4128
Mortgage Brokers, Hope Island, QLD 4212
Mortgage Brokers, Browns Plains, QLD 4118
Mortgage Brokers, Jimboomba, QLD 4280
Open until 5:00pm
Legal ID: ACL: 382869
Mortgage Brokers, Oxenford, QLD 4210
Open until 5:00pm
Legal ID: ACL: 382869
Mortgage Brokers, Browns Plains, QLD 4118
Open until 5:00pm
Mortgage Brokers, Regents Park, QLD 4118
Mortgage Brokers, Slacks Creek, QLD 4127
Mortgage Brokers, Helensvale, QLD 4212
Mortgage Brokers, Helensvale, QLD 4212
Mortgage Brokers, Hope Island, QLD 4212
Mortgage Brokers, Pacific Pines, QLD 4211
Banks & Financial Institutions, Logan Central, QLD 4114
Banks & Financial Institutions, Beenleigh, QLD 4207
Banks & Financial Institutions, Logan Village, QLD 4207
Financial Planning, Beenleigh, QLD 4207
Banks & Financial Institutions, Shailer Park, QLD 4128
Banks & Financial Institutions, Pimpama, QLD 4209
Banks & Financial Institutions, Loganholme, QLD 4129
Banks & Financial Institutions, Shailer Park, QLD 4128
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Locations: Goodna, Browns Plains, City, Logan Central & Stones Corner