here in wa on a 400000 loan with a minimum of %5 dep plus tax and mortgage insurance it works out to be about
$20000 + $15000 + $9000 = $45000 being the minimum up front costs. ignoring rates etc
so a forced sale to get $300000 means an immediate loss of $45000
i have thought along those lines as well - and i remember back in the 1990s a run on the then r&i bank which was started by a rumour.
i figure just putting in the minimum and keeping the rest in cash is the way to go rather than making a sizable deposit because of the instability of the banking community. unless of course you are able to pay cash for the full amount
at least if there was a forced sale you still have a bit of a safeguard and a backup
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