If you're looking for a way into the housing market, a low deposit home loan could be your ticket to home ownership. Compare home loans that only require a 10 percent deposit or less in the table below.
Saving up enough money for a first home deposit requires a lot of commitment, but that doesn’t mean it’s impossible. That’s why a low deposit home loan which requires a deposit of just 10 per cent or less could be the best solution to help first home buyers achieve their home owning dreams faster.
You sure can. Whether you’re looking for a low deposit home loan in QLD, SA, WA or VIC, NSW the NT or Tasmania, applying online is a piece of cake. Once you’ve picked the low deposit home loan that looks best to you, simply hit the blue Go to site button or green Enquire now button on the right hand side and you’ll be directed to the lender.
Lenders mortgage insurance (LMI) is an upfront cost you’ll generally be required to pay if you choose to take out a home loan with less than a 20% deposit. It’s a trade off for buyers meaning you can put down a lower deposit while lenders have insurance against loans which are often considered riskier. The cost of this insurance is usually added to your home loan and paid back over time with your home loan repayments.
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How much could you save by switching your home loan? Compare savings from over 100 home loans. Find out in a few clicks.