Don't all banks require a 20% deposit (or equivalent equity)...

  1. 328 Posts.
    Don't all banks require a 20% deposit (or equivalent equity) before you can buy a house? This gives a decent buffer if prices drop. If you don't have the 20% deposit then you must obtain mortgagee insurance. So wont it be the insurance companies and not the banks that get in trouble in forced sales?
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.