Am I allowed to borrow the deposit?

Generally your deposit needs to be saved for a period of 3 months if you are borrowing more than 85% of the property value. A number of lenders have ‘non-genuine savings’ policies but they impose stricter criteria in other areas to compensate for this. ‘Genuine savings’ policy differs between lenders so give us a call on (08) 6252 7600 or enquire online and we can explain it to you.

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