I happened to speak to a financial broker recently, and with my current situation they were willing to loan me $300,000. Granted that is a 95% loan, which would result in loan insurance as an extra expense, obviously this is not significant in the grand scheme of things.

My thinking is that even if i do get approved for the FHOG, that it would not be worth it, as the cost to get to work and living expenses would be increased significantly.