Home Buyer Testimonial
Vivek’s home loan + DGL repayments are $1,300 less per month, compared to a home loan + LMI. That’s a 28% improvement.
“The DGL made our dream of home ownership achievable. It was useful in terms of overall savings and would also reduce our overall monthly repayments. It will be good for our baby to grow up in our new house.”
Vivek
Bought a 3 bedroom family home in Melbourne
Mortgage Broker Testimonial
With OSQO’s DGL, Varun helped a new home buyer avoid $26,000 in LMI costs.
“My client was over the moon that we were able to help them into their first home. When I presented the side-by-side lending comparison with LMI, the OSQO DGL made sense in their circumstances. This is a long overdue solution for home buyers who deserve a chance to benefit from home ownership sooner than they would with other options.”
Q. What is a Deposit Gap Loan?
An OSQO Deposit Gap Loan (DGL) is a financial product that gives you an opportunity to purchase a property more cost effectively than using alternatives such as Lender’s Mortgage Insurance (LMI), by funding any savings shortfall, or ‘deposit gap’. Read more
Q. Who is eligible for a DGL?
Australians who would like to purchase a home and have at least 5% of the property price in savings, plus enough to cover other buying costs such as stamp duty, are eligible to apply for a DGL. A DGL accredited mortgage broker can facilitate a home loan + DGL. Read more
Everyone can be better off with the Deposit Gap Loan
Don’t pay more just to insure the bank.
- OSQO will pre-approve your Deposit Gap Loan
- Your mortgage broker will arrange a DGL + home loan
- You avoid paying Lender’s Mortgage Insurance
Turn your Deposit Gap into an investment for others.
- Optionally, your family can contribute to your deposit gap
- They choose how much; OSQO covers the rest
- They earn mortgage rates plus a share of growth
With friends and family, we’re tackling two problems at once
High property prices reducing home ownership attainability.
Low fixed interest rates reducing investment returns.