Investment

No Deposit Home Loans

No Deposit Home Loans

What are no deposit home loans? Home loans for people without a deposit.

As the name no deposit home loan suggests it simply means that you do not require a deposit.

There are no deposit home loans which cover the full purchase price of the property and we also have a 106% no deposit home loan which in many cases completely covers the cost of purchase such as stamp duty and mortgage insurance.

You can now obtain no deposit home loans for owner occupied or investment purposes so no deposit home loans are now as flexible as traditional home loans.

So whether you’re a first home buyer, an investor or buying your next home there is a no deposit home loan solution which will suit you, to help highlight the no deposit home loans that are available we have listed below a variety of no deposit home loans and other relevant information surrounding no deposit home loans:

100% No Deposit Home Loans
106% No Deposit Home Loans
97/3% No Deposit Home Loans
Standard Variable NDHL’s
Fixed Rate NDHL’s
Key benefits of NDHL’s
NDHL’s for Investors
Which NDHL is right for me?
How do I get my NDHL?

100% No Deposit Home Loans

Nowadays there a variety of no deposit home loan providers who offer 100% no deposit home loans.

What this means is that all no deposit home loan providers are now fighting for your business and the winner in the end is you given the choices you have when it comes to no deposit home loans.

No deposit home loans which offer 100% lending are a common choice for people who are entitled to the first home buyers grant but are also becoming popular with people who are purchasing their second home.

Whatever the purpose, there is a no deposit home loan which suits your needs so why not contact us and have one of our no deposit home loan consultants help you decide which no deposit home loan is right for you.

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106% No Deposit Home Loans

This no deposit home loan is the most popular product which we are able to provide, we are experts at providing 106% no deposit home loans and we have helped many customers achieve their dream of owing their own home and investing. 

The 106% no deposit home loan is unique and is the only no deposit home loan in Australia which offers 106% of the purchase price.

The additional 6% above the purchase price that this no deposit home loan provides help cover most and in some cases all of the costs of purchasing a property.

The 106% no deposit home loan is also flexible as it allows you to choose between a fixed or variable no deposit home loan interest rate and allows additional home loan repayments.

There is also the ability to absorb HECS debt into the no deposit home loan for ‘Graduates’ so the flexibility of the 106% no deposit home loan is certainly available.

To find out more on the 106% no deposit home loan or the 106% no deposit graduate home loan simply contact us and a no deposit home loan consultant will assist you.

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97/3% No Deposit Home Loans

This is a no deposit home loan with a difference!  In essence it is a no deposit home loan although the home loan provider will fund 97% of the purchase price, where the 100% comes in is with regard to mortgage insurance.

How this no deposit home loan works is that the no deposit home loan provider will fund 97% of the purchase price and is then able to capitalize the mortgage insurance on top of the 97% up to 100%.

The benefit to be had here is that the rate charged for mortgage insurance is lower than a pure 100% no deposit home loan as the LVR is lower, mortgage insurance is linked to the LVR so the lower the LVR the lower the premium.

To find out more about the no deposit home loan with a difference simply contact us and one of our no deposit home loan consultants can assist.

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Standard Variable No Deposit Home Loans

Each of the no deposit home loan providers offers standard variable interest rate no deposit home loans.

A standard variable no deposit home loan simply means that the interest rate can change depending on market conditions and this is determined by the RBA.

People who choose no deposit home loans generally opt for a fixed interest rate although the option of a variable interest rate no deposit home loan is available for those who prefer a variable rate and the ability to make additional home loan repayments at any time and with no limit on the additional home loan repayment.

Just contact us and have a chat with one of our no deposit home loan consultants to find out more about variable interest rate no deposit home loans.

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Fixed Rate No Deposit Home Loans

The most commonly chosen no deposit home loan is a fixed interest rate no deposit home loan as it afford you the security of knowing what your home loan repayments will be for a specified timeframe.

A fixed rate no deposit home loan simply provides certainty from a home loan repayment point of view as compared to a variable interest no deposit home loan.

A number of no deposit home loan providers offer fixed interest no deposit home loans ranging from 1 to 5 years or more so to find out more about which fixed rate no deposit home loan suits your needs simply contact one of our no deposit home loan consultants.

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Key Benefits of No Deposit Home Loans

The most important benefit of a no deposit home loan is that of not needing a deposit, by not having to save a deposit you are able to purchase your home a lot sooner.

Let’s take a look at some other benefits which no deposit home loans can offer:

No savings needed to obtain a no deposit home loan
Choice of a fixed or variable no deposit home loan interest rate
Very competitive interest rates for no deposit home loans
Redraw facility available on some no deposit home loans
Purchase your home sooner with a no deposit home loan

A variety of no deposit home loans is available to you ranging from 100% no deposit home loans through to 106% no deposit home loans and with such a range of no deposit home loans we invite you to contact one of our no deposit home loan consultants who will be happy to help guide you through the no deposit home loan options available.

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No Deposit Home Loans for Investors

No deposit home loan providers have expanded their no deposit home loan product range to include options for investors.

Rather than use your cash and tie it up in the form of a deposit you can choose a 100% no deposit home loan and fund the associated costs or better yet select the 106% no deposit home loan and fund most if not all of the associated costs.

No deposit home loans for investors allow you to increase your property portfolio in a shorter timeframe or enter the investment market.

To find out more about no deposit home loans for investors simply contact us and one of our no deposit home loan consultants will assist.

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Which No Deposit Home Loan is right for me?

The number of no deposit home loans available are many and varied so choosing the right one will depend on your needs at the time and this is why we have highlighted a variety of no deposit home loans for you.

To help you further we invite you to contact one of our no deposit home loan consultants to find out if it is a 100% no deposit home loan which suits or one of many no deposit home loan options we have on offer which may suit you.  Contact us to find out more about no deposit home loans.

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How do I get my No Deposit Home Loan?

Simply contact one of out no deposit home loan consultants who can help you determine which no deposit home loan suits you best.

When it comes to no deposit home loans AussieWise Finance Group are able to offer you a broad range of no deposit home loan options and have specialist no deposit home loan consultants who have assisted hundreds of clients obtain their no deposit home loan so let us help you get your no deposit home loan.  Contact us.

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No Deposit options are becoming more popular as individuals wish to get out of the rental market and focus on getting into their own home.

We can offer No Deposit Home Loans to 106% and we have many Lenders on our panel that can provide you with competitive rates. No Deposit, No Saving, No Problems.