Where Is Your Comfort Zone?  

On most home purchases the minimum deposit is five (5%) percent. If you make a larger deposit, your mortgage will be smaller and your monthly payments will be reduced. We advise our clients to make as big a down payment as they can while maintaining some savings and investments in other places. Having all your cash tied up in your house leaves you with nothing for other purchases or emergencies. 

 TIPAre Your Mortgage Interest Payments Tax Deductible?  
The answer depends on your local tax rules and can make a big difference to what you can afford, so make sure you factor this into your calculations. Your Sagicor Advisor can show you how.