When buying a home, the size of your deposit makes a big difference – the more you’ve saved, the less you’ll need to borrow.
Many lenders require at least 10% of the property purchase price as a deposit and to avoid having to pay Mortgage Insurance, borrowers usually need to have deposit of 20%, but for some people who qualify, a Deposit Guarantee may be a quick, convenient and cost effective alternative to a cash deposit when purchasing residential property.
Loans Insurance understand that getting a sizeable deposit together is not always possible so apply online through our Express Loan Application, and one of our Loans Consultants will call you back, then work harder to find a suitable loan – no matter what size of deposit you have – provided you can demonstrate that you can meet the loan payments adequately.
