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For potential property buyers with only a small deposit, the news on the home loan front keeps getting better this week.
After announcements earlier in the week from a handful of lenders that low deposit - that is, 95% - home loans were back on the agenda, more lenders have today added low deposit products back into their home loan suites.
First home buyers often find low deposit home loans useful, particularly as the time taken to save a deposit has blown out in recent years.
Conditions do differ between lenders, but there may also be the option of capitalising your ...
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Categories: Finance News. Tags: first home buyers.lenders mortgage insurance, low deposit home loan, no deposit home loan.
If you want to purchase a property and have only a small deposit, or even no deposit at all, there may still be options available to you.
Full no deposit home loans have been withdrawn from the market following the introduction of tougher lending criteria, however there are some alternative options that borrowers with no deposit may wish to explore, including using family equity.
In some cases, you may be able to secure a low deposit loan to the value of about 95% of the property; some of these loans require you to be an existing customer.
In ...
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Categories: Finance News. Tags: 95% loan, Family Equity, Low Deposit, no deposit home loan.
