How Much Deposit?
In most situations you will need a deposit to purchase a property, and most lenders will require a minimum of 10% for a deposit, by increasing your deposit you can work towards avoiding lender's mortgage insurance.
We thought you might also like...
Home Loan
Genuine Savings
posted February 24, 2017Genuine savings are required when borrowing more than 85% of the property value and there are different conditions
Watch Now >
Home Loan
Lenders Mortgage Insurance
posted February 24, 2017Lender's Mortgage Insurance is applied when a loan is greater than 80% of the purchase price, it is there to protect the banks....
Watch Now >
Home Loan
First Home Owner Grant
posted February 24, 2017The First Home Owners Grant is only for newly constructed homes and can be used towards the purchase price
Watch Now >
Home Loan
Conveyancer
posted February 24, 2017In the purchase of a property you will need to engage the services of a solicitor or conveyancer to review the contract
Watch Now >
Find us on
Call us
1300 978 051
Disclaimer: The Loan Studio Social Home Loan variable interest rate of 3.59% per annum is as at 1 February 2017 and is subject to borrower meeting the lender's criteria, terms and conditions and loan to value ratio ('LVR') requirements. This rate of 3.59% per annum is based on a variable rate home loan of greater than $50,000 (Maximum $750,000) and not exceeding a LVR of 80%. The comparison rate of 3.66% per annum is as at 1 February 2017 and is based on a secured loan of $150,000 over a term of 25 years. This comparison rate is true only for the example or examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Lending criteria, fees and conditions apply. Rates, fees and conditions are indicative and subject to change without notice. Loan Studio Pty Ltd (ABN 97 146 606 135) is an authorised credit representative (390870) of Port Group Pty Ltd (Australian Credit Licence Number 389460)
