Search found 48 matches

by totoro
Fri Jun 19, 2009 5:14 pm
Forum: Home Loan Forum
Topic: Deposit question!
Replies: 3
Views: 9068

Re: Deposit question!

Sorry if this sounds dumb. What exactly is a deposit bond?
And what's the process?

Thanks.
by totoro
Wed Jun 17, 2009 5:54 pm
Forum: Home Loan Forum
Topic: Another question! Thanks
Replies: 1
Views: 7955

Another question! Thanks

What is the difference between joint tenants and tenants in common?
And how does that affect ownership rights?
by totoro
Wed Jun 17, 2009 5:04 pm
Forum: Home Loan Forum
Topic: Deposit question!
Replies: 3
Views: 9068

Deposit question!

Hi,

My girlfriend and I are buying/planning to buy a property.

Say for example:
asking price is 500k
deposit is 10% therefore, 50k

if the loan is approved at 95% and we have 5% deposit, for instance, will the bank make up the other 5% when deposit is due? What actually happens?