Ask David

Deposit details, Leaving the family home

Dear David, We found a great house on the weekend and want to buy it, but they’re asking for a $20,000 deposit. How does that work? – FIRST TIMERS DEAR FIRST TIMERS: When buying a house, you’ll need to submit a deposit along with your offer. The amount of the deposit will be set arbitrarily

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Ask David

How Much do we Spend? What’s a POTL?

Dear David, We are renting and have been approved for a $400,000 purchase. I am comfortable shopping at that price, but my spouse wants to spend $300,000. Who do you think is right? – PLAYING IT SAFE DEAR PLAYING IT SAFE: Your spouse is the person you’re living with and of course they need to

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