No Deposit Home Loans

This is a type of loan wherein lenders allow borrowers to borrow about 95% of the purchase price of the property. While this is ideal for those who have not saved enough money for a deposit, downsides include interest rates that are higher than standard loans, and the requirement for borrowers to pay the Lenders' Mortgage Insurance (LMI), which could cost several thousands of dollars.

No Deposit Home Loans Articles & Guides

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Important Information

Not all providers in the market are included in the comparison.

Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs.