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The deposit usually amounts to 10% of the property purchase price, and must be paid if the offer to purchase requires it. The deposit is not paid directly to. The amount you borrow relative to the property's value is known as the loan to value ratio (LVR). The higher the LVR, the more money you owe and – in the eyes. Usually, 20% of the full value of the house is a good amount to aim for as a deposit. You can still get a loan if you have a smaller deposit, but you may.

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Your home loan deposit is viewed as your contribution to the purchase price of the property you wish to buy. Your deposit is one of the biggest factors in. Basically, banks won't lend the full amount for a house - you need to be able to put down a deposit, and the more the better. You may be familiar with 20% as. One way is to pay Lender's Mortgage Insurance (LMI) - if you're not able to reach the 20% deposit mark, you can still get a loan by tacking LMI onto the.

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Basically, banks won't lend the full amount for a house - you need to be able to put down a deposit, and the more the better. You may be familiar with 20% as. To get a home loan, you need a cash deposit. The deposit covers a percentage of the price of the property you want to buy, while the home loan covers the. When you apply for a mortgage, the bank requires 3 months worth of savings statements and if the bank sees a deposit that corresponds to a new amount of short-.