Insights


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Laura Caruana Laura Caruana

Looking to purchase a home with less than 20% deposit?

When it comes to saving for a home deposit, you’ll often hear people bring up a minimum figure of 20%.

If you're saving for a home deposit, you' would've heard people bringing up the minimum 20% deposit standard. That is to say, if the purchase price of your home is $500,000, most people will tell you that you need to have a deposit of $100,000 saved before you can apply for a loan and purchase your home.

However, this isn't the always true.

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