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Should you save for a deposit or pay debts first?

If you have less than 5% of the purchase price for your desired house in unsecured debts, it shouldn't be difficult for you to pay off those debts and save up enough to get a loan.

However, if you have more than 5% of the price of the property in unsecured debts such as personal loans, car loans, credit cards etc, then it's a good idea to get your 'ducks in a row' first before you fully concentrate on saving up for a deposit.

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