Australians are finding creative ways to save on their home loan, and other areas of financial life.

We’ve spoken about shopping at the right stores and finding cheaper ways to entertain the family over the holidays.

UBS Investment Bank released a report recently, stating a third of borrowers provide factually incorrect information to secure a mortgage. The survey asked 1,228 borrowers in Australia.

A greater proportion of respondents who supplied incorrect data said they used a mortgage broker rather than a bank.

On the back of home loan deposits in Australia dropping to record lows, we’re asking the question, ‘is a low home loan deposit good or bad’? We realise most of life happens somewhere between the black and white, so we’ll give you the facts, then let you decide.

The past 6 months You may have noticed that minimum deposits for home loans are getting, well, more minimal. In the past 6 months alone, some lenders have dropped their minimum deposit amount to as low as 5%.