The one where you waive Lenders Mortgage Insurance and score a better interest rate. When you have a large deposit, the banks look at you as a low risk and could score you a lower interest rate. Sometimes it can be difficult to save such a large deposit so it’s best to speak to your Mortgage Broker to find out how to get there.

04.

20% Deposit

If your Parents have a substantial amount of equity in their home, they may consider becoming a guarantor for you to enable you into your own home and avoid paying Lenders Mortgage Insurance. You can also receive gifted funds to cover your deposit if your parents are feeling generous.

01.

0% Deposit

Funded by the WA Government, Keystart can help you into your own home with a low deposit and you don’t pay Lenders Mortgage Insurance. Your funds can also be gifted to cover your deposit.

02.

2% Deposit

Most banks will let you borrow up to 95% of the value of your property. If you are going under the scheme, you will need a 5% deposit and waive Lenders Mortgage Insurance. If you are not under the scheme, you will need to pay Lenders Mortgage Insurance or have it added to your loan.

03.

5% Deposit