Jamie – He did try to explain why variable was better than fixed  in my circumstances, but it just didnt seem to add up, I will get further advice with another broker or perhaps a financial advisor. The broker advised me that for me to obtain an interest only loan my LVR had to be below 90%. I wil try do some more research into this, thanks for…[Read more]

Thanks again everyone for the advice, very benificial. I spoke with a morgatage broker last night and now more confused and apprehensive about this morgatage than ever. He told me a variable rate home loan is going to be better than a fixed rate, but this doesnt resonate with me considering the rates are so low at the moment. Well relativally,…[Read more]

Thanks for all your comments, Haha, no I am not dissapointed but on the contary appreciative for the good advice. As I mentioned, I am new to property investment so my main objective at this point is to get out there and learn as much as possible.  My attraction too this particular property  was its prime location….."location, location, l…[Read more]