What would the deposit be to pay on a house costing about $300,000?

Question

In Sydney, Australia

Answer 1

It depends on your credit and what type of loan you get.

Answer 2

It depends if you want to do 100% , 95/5, 80/20 financing.
100% is financing, but you could still have to pay for closing and down payment. 5% down and 95% loan, Uselly when you are buying a new property you have to put a deposit to hold the home. But if you have the letter of approval for lendor sometimes you don't have to leave a deposit, because you are showing the seller you have the money.
Things to do:
Pre approved run credit,
look at the financing option from the lender
ask the selling parting about down payment
closing cost paid?
hoa?
other ad on expenses?
if the property is an investment in the US investors put 20% down.

These answer are pretaining to US. But the information is benifetcial. Good luck

Answer 3

You can have your mortgage company arrage payments around how much you can have at closing.

Normally banks want 20% for the best rates. But you can always do alot less and just pay higher rates on the other part.

A ballpark figure will be 30k plus around 5-10K in closing costs.

Answer 4

Depends on your credit score, local law, requirements beyond this of the seller AND the lending agent (assuming you're using one) - you can usually finance both the main cost and the deposit, however they must be done separately.

Answer 5

Hello,

I am a real estate agent in Laguna Beach. My clients usually put a 3% deposit when offering to purchase a property. For more real estate information and forms please visit my site at http://www.Realatrends.com

Answer 6

Normally 10% or $30,000

Answer 7

Usually 15,000.00 unless you qualify for a Magic mortgage.