I'm in the process of looking for a house to buy. When it comes to paying the 10% deposit (and the rest upon settlement) what are the ways that it can be paid in a timely manner for my situation?
My deposit (savings) are held in an online only savings account with ING Direct, so the account is no-frills (no cheques and no transfers to non-linked accounts over $20,000)This would be an issue to pay the deposit in a timely manner
I also have a savings account linked to my NAB transaction account. By transferring the money to the NAB savings account, would this affect the loan approval process as the new funds wouldn't be in that account for 3 months???? (I have pre-approval). I believe I can get a cheque from NAB (and use this cheques to pay the 10% and settlement), if the deposit is in the NAB account.
My deposit (savings) are held in an online only savings account with ING Direct, so the account is no-frills (no cheques and no transfers to non-linked accounts over $20,000)This would be an issue to pay the deposit in a timely manner
I also have a savings account linked to my NAB transaction account. By transferring the money to the NAB savings account, would this affect the loan approval process as the new funds wouldn't be in that account for 3 months???? (I have pre-approval). I believe I can get a cheque from NAB (and use this cheques to pay the 10% and settlement), if the deposit is in the NAB account.