Search found 3 matches
- Tue Sep 24, 2019 7:46 pm
- Forum: Home Loan Forum
- Topic: Buy now or save for a larger deposit?
- Replies: 5
- Views: 68872
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?
- Tue Sep 24, 2019 7:15 pm
- Forum: Home Loan Forum
- Topic: Buy now or save for a larger deposit?
- Replies: 5
- Views: 68872
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?
- Tue Sep 24, 2019 6:43 pm
- Forum: Home Loan Forum
- Topic: Buy now or save for a larger deposit?
- Replies: 5
- Views: 68872
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?