I have $20,000 savings that I will use to purchase my first home. Once I pay the agent the deposit of $5,000 do I still need to pay $20,000?

February 24, 2014
Tiffany Hancy

Home Loan Calculation Example

If we used the $20,000 as part of the calculations and you then pay the agent $5,000 you will only be required to contribute the remaining $15,000 as part of the loan structure. 


If you need assistance with any other calculations or any other home loan queries, please don't hesitate to contact me today at Mortgage Choice in Blackwood on (08) 8178 0700.


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Charlotte Gray, Loans Consultant


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