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"You will, in fact, need to provide some type of deposit down on a home you intend to purchase and the monies usually need to be in an easily accessible account, such as a checking or savings account, a 401k account or a bond."

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On average how much deposit should mortgage buyers expect to put down on a new house?

Most banks require that a home buyer put down at least 25% of the value of the home on the deposit. Should one be able to put down more then the minimum deposit they could possible get a better interest rate on their mortgage.


Is it possible for me to put my direct deposit into someone else's account?

No, it is not possible to put your direct deposit into someone else's account. Direct deposits are typically set up to go into an account that is in your name and under your control. Sharing your account information with someone else for direct deposit purposes can lead to potential fraud or unauthorized access to your funds.


What is the advantage of getting FHA mortgage rate for a home?

The advantage of getting an FHA mortgage rate on one's home is that one does not need a perfect credit score. One is also able to put down a low deposit, sometimes as low as 3 percent.


Will redstone federal credit union put a hold on a direct depoist of 4000?

Whether Redstone Federal Credit Union will put a hold on a direct deposit of $4,000 depends on various factors, including the account holder's banking history, the type of deposit, and the bank's policies. Generally, larger deposits may be subject to holds for verification purposes. It's best to check directly with Redstone Federal Credit Union for specific policies regarding holds on direct deposits.


With 2000 a month can you get a mortgage on a house?

Yes you can get a mortgage if you earn £2000 a Month, but they may ask you to put a deposit down, click the link below for more info about a mortgage/deposit.http://www.creditchoices.co.uk/how-big-a-deposit-do-i-need-to-get-a-mortgage.html

Related Questions

On average how much deposit should mortgage buyers expect to put down on a new house?

Most banks require that a home buyer put down at least 25% of the value of the home on the deposit. Should one be able to put down more then the minimum deposit they could possible get a better interest rate on their mortgage.


Do you have to put a deposit down and rent to own home at the beginning when buying a home?

There are lease to own options. Normaly home buyers are buyers from the begining.


What allows your employer to put your paycheck directly into your account?

Direct Deposit


Is it possible for me to put my direct deposit into someone else's account?

No, it is not possible to put your direct deposit into someone else's account. Direct deposits are typically set up to go into an account that is in your name and under your control. Sharing your account information with someone else for direct deposit purposes can lead to potential fraud or unauthorized access to your funds.


How much i should put down a deposit for a car to buy?

The more you put down the smaller the monthly payments will be.


What is the Latin root word for deposit?

Depono deponere doposui depositum, meaning put away.


How do get your deposit back from a car dealer if you don't buy the car?

That depends on whether you signed anything when you put down the deposit, and whether it was a refundable deposit or a non-refundable one.


If you put down a deposit to order something and the company has since declared Chapter 11 how do you recoup your deposit?

Contact the better business bureau for you answer.....


If joint account with adult son will large deposit by you be taxed if he uses it to make a home loan down payment?

Money is taxed when you earned, not when you put it in the bank. Only the interest earned on the deposit would be taxed. When you buy a house there is no sales tax at this time.


In Missouri If you put a deposit on a car can you change your mind and get your money back?

Normally if you are putting a deposit down on a holiday, house, CAR, etc. and you pull out of the sale you will loose the deposit. Hope this helps


Who pays lost deposits for cancelled wedding in Michigan?

The wedding couple will pay for the lost deposit for a cancelled wedding in Michigan. Not all places will require you to put down a deposit.


What is the advantage of getting FHA mortgage rate for a home?

The advantage of getting an FHA mortgage rate on one's home is that one does not need a perfect credit score. One is also able to put down a low deposit, sometimes as low as 3 percent.