How much deposit will you need to buy your home?
Most lenders will require you to have a 20% deposit for your home loan. For example, if you wish to purchase a home worth $400,000, you would require an $80,000 deposit. However, some lenders have loan products to borrow up to 90% of the property value.
If you don’t have a 20% deposit and need to borrow more than the 80%threshold you should speak to a mortgage adviser who can talk you through your options. At Harcourts, we’re thrilled to be able to provide you with a complete service, from sorting out your finances, arranging your home, contents and personal risk insurance, to moving into your brand new home. Our partner Mortgage Express o.ers a comphrehesive range of financial and insurance products and services. For more information please talk to your local Harcourts sales consultant about Mortgage Express.
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