Deposit
Deposit
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?
- Otto Dargan
- Mortgage Specialist
- Posts: 7730
- Joined: Sat Sep 06, 2008 5:55 pm
- Location: Sydney, Australia
- Contact:
Re: Deposit
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.