Ability Finance Broker

No Deposit Home Loan Comparison

With a rapidly changing home loan market how can a borrower properly compare a range of home loans that may be suitable for their specific situation? Going from bank to bank and properly comparing home loans can be a difficult, confusing and time consuming task. Even then it can still be difficult to ensure that the information on different home loan products that has been gathered is actually being compared equally.

Would loan A be better than loan C if extra repayments are made? What other features are available with loan D compared to loan E. What if you plan to move or update your property or home loan in a year or two? What benefits are really available through taking out the most expensive home loan on the table linked to below compared to the cheapest loan available or even one of the mid range no deposit home loan products?

Your Ability Finance consultant will discuss your situation and gather relevant details. We prefer to demonstrate the process so our clients have an understanding of the available options. If requested we then prepare you a customised report on the recommended available home loan options we have that may meet the requirements of your individual situation.

The link to the table below provides a snap shot of the top 15 No Deposit Home Loan products that were available for a specific situation in New South Wales during June in 2006.

All amounts and repayments are indicative and the setup costs includes Lenders Mortgage Insurance costs, current at the time of calculation. Costs assume interest rates remain static and the minimum default repayment amount is made without extra payments or arrears. Rates, fees and actual products are always subject to change without notice, thus the table below can be used as a illustrative guide only.

For current up to date analysis of no deposit home loan products and many other types of finance that may meet your needs contact Ability Finance today.

Find out why a loan that could cost $94,000 more over the entire life of a loan compared to another brand of loan is a preferred option for some borrowers!

No Deposit Home Loan Table