Calculate Your Home Deposit: A Step-by-Step Guide with Our Deposit Calculator

Where's the first place to start when buying a new home? Well, you're going to need a deposit! A deposit is a sum of money paid upfront to show your commitment to the purchase. It's usually a percentage of the total purchase price and is typically required by lenders as a form of security. In this video, we'll explain why a deposit is necessary and how it can impact your ability to secure financing for your new home. Whether you're a first-time homebuyer or a seasoned pro, this information is crucial to understand.