How to Correctly Fill Out Bank Deposit Slips | Sapling
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So, you’re thinking of buying a house with a low deposit? Let’s talk about what the bank really wants to see, because it’s not just about having the cash. When your deposit is on the smaller side and triggers Lender’s Mortgage Insurance (LMI), the bank needs to know that you’ve genuinely saved that money over at least three months. They’re looking for proof that you’ve been consistently adding to your savings, not just that a lump sum magically appeared. If your savings history is solid, you’re
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