Residential Loan

Residential Loan

Finding a perfect property will be a lot easier if you do your homework and don't rush the process. A 20% deposit of the total value of the property is considered the rule of thumb for the savings so you will need an idea of the price of the property you want to buy. If you are anticipating a smaller deposit, you may have to pay lender's mortgage insurance on top of your loan or have someone else put down their assets as security. If you don't have the cash for a deposit, you may have to pay for a deposit bond.