In this episode Will Bell answers the question - How much deposit do I need to purchase my first home?

1:00 A general rule of thumb is 10%

1:20 You will need Lenders Mortgage Insurance (LMI)

1:55 Bare minimum 5%

3:00 Smaller initial deposit for House and Land purchase.

4:05 Using a guarantor to purchase your first home

6:00 Summary

For any assistance with getting a home loan or finding how much deposit you need contact Will Bell Mortgage Broker or at Google Will Bell Mortgage Broker Google Places

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