Browse Forums Home Finance Re: How Much Deposit for Your Home Loan? 121Aug 15, 2009 6:59 pm Yes we know! We had intended to do a 5% deposit on the land but the broker put it through as 97%. It all went through fine but when it came to the house loan the broker didnt know if it would go through or not because of the change of rules. As we had pre approval it went through very quickly to our surprise so we made sure to signed the papers as quickly as possible in case they changed their mind!! Building Sandhurst 36 Porter Davis Currently Fixing Re: How Much Deposit for Your Home Loan? 122Aug 21, 2009 1:30 pm That was very prudent! And you were lucky. The biggest challenge will be if you take out a loan and then run out of money - you'll have an incomplete security and lenders do not like this so you can get stuck.… 2 19114 Hi, you've probably already resolved this, however, Commbank will probably pay the funds to you after you send evidence the work is done regardless the change in the quotes. 1 35331 In NSW the maximum deposit for building work is 5% until the builder provides HBCF insurance 1 4831 |