Home Loans FAQ

Home Loan FAQ, Frequently Asked Questions regarding home loans or mortgages from Mike Buchecker, your mortgage broker.

What is mortgage insurance

Mortgage insurance is a fee you pay if you have less then a 20% deposit. It is charged by all lenders. There are some exceptions to the rule which relate to your profession.

How much deposit do I need

You need a minimum of a 5% deposit, however the smaller the deposit, the higher the mortgage insurance premium you will pay. 

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