Most banks will not lend you the entire value of a property when you purchase a home. You're usually going to need a deposit of at least 5% of the purchase price, but there are caveats to how much deposit you'll actually need.

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Applying for a home loan Borrowing capacity explained

Borrowing capacity explained

Knowing how your borrowing capacity is calculated and the factors that affect it may help you better prepare for a home loan application

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Applying for a home loan A homebuyer’s guide to lenders mortgage insurance

A homebuyer’s guide to lenders mortgage insurance

For homebuyers purchasing their dream home with less than 20% of its purchase price to use as a deposit, Lenders Mortgage Insurance (LMI) is necessary. This insurance protects the lender should you default on your home loan. Get to know how much it may cost you, and whether you can avoid it

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