Maximum Home Loan Affordability

ToxicBunny said:
Well the deposit is refundable, and also the value of the property is usually below what the bank will value it at.... even in a screwed up condition.
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I'm hearing that the deposit will be forfeited if one can't get a mortgage loan approved in time. The impression I'm getting is that losing the 10% deposit is the penalty for wasting the Sheriff and everyone else's time. Sale in Execution auctions I mean. http://mybroadband.co.za/vb/showthr...-or-advice?p=13662224&viewfull=1#post13662224
 
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