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How to get your deposit when you're in between selling and buying your next home
You have a home on the market for sale, which is getting interest from buyers, and so you start looking around for a new home to purchase. But how do you find the 10% deposit that the agent is asking for to secure your new home?
The good news is you have a few different options.
Working with a broker vs working with a bank
What is a Mortgage Broker? Mortgage brokers are professional lending people who are independent from any one bank. They have qualifications with many banks in the Australian lending landscape, including major banks such as CBA, Westpac, St George, ANZ, and NAB. Brokers also have access to many non-bank institutions that lend money at a competitive rate (these include Pepper Money, Liberty, and Bluestone, to name a few).