Ideally, you should save as much as you can before buying a home. The more you save for a home loan deposit, the smaller your loan and the higher your chances of getting approved for a home loan. The amount you need for a deposit also depends on your lender and the loans to Value ratio (LVR). (LVR is the percentage of the loan that you are able to borrow.)
Ideally, you want to have a 20% deposit plus purchasing costs. However, 8% is the minimum deposit with most lenders as this gives you a 92% loan with Lenders Mortgage Insurance (LMI) which will take you to a loan of 95%. There are a few banks that will allow you to borrow with as little as a 2-5% deposit and they typically have higher interest rates.
What Clients Are Saying About Us
Posted on Google
rita lee
Trustindex verifies that the original source of the review is Google.
We had Shaz who was professional, managed our anxiety, and we were so happy with the results and full approval. Found us a very competitive interest despite the complexities with our case. 10/10 experience.
Posted on Google
Nyange Ngandu Simbi
Trustindex verifies that the original source of the review is Google.
Many thanks Rob for helping me out, you are just excellent broker. Many thanks.
Theodor
Posted on Google
Anshika Thakur
Trustindex verifies that the original source of the review is Google.
Honestly, so glad I went with Shaz and Sahil at Strawberry Finance. They were always there whenever I had questions and made sure I understood everything properly. The whole process was much easier than I expected. Thanks heaps, guys, really appreciate all the help!
Posted on Google
Sam Key
Trustindex verifies that the original source of the review is Google.
I would highly recommend Shaz at strawberry finance.
This is our second time with Strawberry Finance and get got approved in 2 days!
The entire experience was easy and stress free.
Shaz was able to secure a much better rate than previously on and was able to save us alot of money!!
Posted on Google
Hayley Hall
Trustindex verifies that the original source of the review is Google.
We recently had a particularly complex matter, and the team at Strawberry Finance were fantastic to deal with. They were on top of everything, always approachable, responsive and happy to help, which made a real difference. We genuinely appreciate their support and always enjoy working with the team at Strawberry Finance. Highly recommend
Posted on Google
Sai Phone Myint Oo
Trustindex verifies that the original source of the review is Google.
As a first home buyer, I’m very grateful for the support I received from Shaz. He has been extremely helpful, professional, and very quick to respond to any questions I had throughout the process.
I would highly recommend Shaz, Sahil and Strawberry Finance Team to anyone looking for a reliable and supportive mortgage broker.
Posted on Google
Kash ..
Trustindex verifies that the original source of the review is Google.
We had a great experience with Sahil, Shaz and Nitin at Strawberry Finance. Sahil was professional and approachable, Shaz was extremely helpful and responsive, and Nitin was also great throughout the process. The whole team made everything smooth and easy to understand and genuinely cared about helping us. Highly recommend Strawberry Finance for anyone looking for a reliable mortgage broker.
Posted on Google
Kate White
Trustindex verifies that the original source of the review is Google.
We had the best experience working with Sahil and Shaz and I cannot recommend them enough. So reliable, great communication and genuinely went above and beyond for us throughout the entire process.
Nothing ever felt like too much trouble, they were always quick to answer our questions and kept us updated every step of the way.
We felt completely looked after from start to finish and wouldn’t hesitate to work with them again. If you’re looking for brokers who genuinely care about getting the best outcome for you, these are your guys. Thank you so much!
Posted on Google
Deng Aban
Trustindex verifies that the original source of the review is Google.
Shaz and Sahil made the whole process feel way less stressful than I expected. They were prompt, straightforward, and just got things done. No fluff, no chasing. Felt like I was actually being looked after rather than just processed.
