All Topics / Value Adding / the ” endless deposit”????

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  • Profile photo of clintjsclintjs
    Participant
    @clintjs
    Join Date: 2007
    Post Count: 7
    February 11, 2007 - 2:10 pm

    i currently have equity which i can use for more investments, how much do you need to purchase a property and how many deposits can i get???[guilty]

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,213
    February 11, 2007 - 2:50 pm

    You may be able to get a 100% loan, but generally you will need at least 5% deposit. You will also need around 5% of the price for costs such as stamp duty etc.

    Terryw
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    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    February 11, 2007 - 2:52 pm

    Oh, and how many deposits you can get will depend on your equity and the size of the purchases.

    Terryw
    Discover Home Loans
    [email protected]
    Send an email to get my newsletter.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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