Hi Helen,You can fix for 3 or 5 years and arrange for interest only for the first 5 years. Splitting the loan and having a variable portion will allow you to redraw later down the track for renovations….on this portion you can arrange to pay p&i.As for the lenders you mentioned they will only lend you the purchase price amount, not the market…[Read more]

Hi Helen,You could borrow the full 100% of market value….you would need to ensure that it is worth the extra 20K however. Thanks, BiankaBianka Home Loan Advice Centre The complete home loan service m: 0420 283 804 (mobile)Vendor Finance AdviceFree service

Hi Helen, Things you need to consider: 1)      If your Mum in-law was to sell the property on the market, what would it be worth?  I’m not sure on the size of your deposit ….but here’s something to think about…You can look at setting up your loan as a favorable purchase….what this means is that some lenders will accept a purchase from…[Read more]

Hi Ken,Firstly, you really need to get your finance sorted and find out exactly how much you can borrow. Then start thinking of where you want to buy and how you can maximise your return.  Don't go direct to a bank…as they can only cover their policies/products. Your lending capacity can vary greatly, depending on how you structure the loan. S…[Read more]