Deposit

Any general questions you might have in regards to loans and finance.
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kdoc90740
Posts: 1
Joined: Fri Jan 08, 2010 7:29 pm

Deposit

Post by kdoc90740 »

I got a helping hand from you guys and you couldn't help me personally but you did send me to someone which might be able to which was good but they require a larger deposit. Is it acceptable to borrow a small amount as a personal loan and then use that as a deposit?

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Otto Dargan
Mortgage Specialist
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Joined: Sat Sep 06, 2008 5:55 pm
Location: Sydney, Australia
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Re: Deposit

Post by Otto Dargan »

Generally the banks do not like it when you use a personal loan to make up a small shortfall in the funds required. I'd recommend you look for other sources of funds first and discuss with the lender before proceeding with a PL.
Otto Dargan
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