Search found 3 matches

by Alica
Tue Sep 24, 2019 7:46 pm
Forum: Home Loan Forum
Topic: Buy now or save for a larger deposit?
Replies: 5
Views: 10434

Re: Buy now or save for a larger deposit?

Thanks. Besides the large LMI costs, what other expenses should I take note of before purchasing a home?
by Alica
Tue Sep 24, 2019 7:15 pm
Forum: Home Loan Forum
Topic: Buy now or save for a larger deposit?
Replies: 5
Views: 10434

Re: Buy now or save for a larger deposit?

Thanks for the information. The calculator really did help. But the LMI amount is a bit high. Are there other ways I can reduce LMI or not pay it entirely?
by Alica
Tue Sep 24, 2019 6:43 pm
Forum: Home Loan Forum
Topic: Buy now or save for a larger deposit?
Replies: 5
Views: 10434

Buy now or save for a larger deposit?

I am looking to buy a home in NSW valued at $700,000. I only have saved up $50,000 deposit. I am paying rent of $580 per week and can save $200 weekly. I don't want to lose the opportunity on the house, but I feel the deposit amount is quite low. What should I do? Buy now or save for a bigger deposit?