Hi Karl,
I agree to most of what has been said above.
Line of Credit can be great product to reduce you debt and pay off you loan as soon as possible, in my experience most Financial Planner will recommend this product to help their client reduce their clients debt as soon as possible.
It all depends on the features of the LOC (Line of Credit) and…[Read more]

ING Direct (you can go direct or through a mortgage broker) have a product called "Redcued Equity Fee" (REF) this is where they will self insure (not go to mortgage insurance) for purchase loans up to 95% LVR. This is also cheaper then going to either Genworth or QBE mortgage insures. On this product they will also allow you to increase your…[Read more]

Hi Keiko,

ING Direct (you can go direct or through a mortgage broker) have a product called “Redcued Equity Fee” (REF) this is where they will self insure (not go to mortgage insurance) for purchase loans up to 95% LVR. This is also cheaper then going to either Genworth or QBE mortgage insures. On this product they will also allow you to…[Read more]

Hi AJ,

The biggest issue with putting all your loans with one lender/bank is that even if you have all three properties in different loans (not crossing the properties) most banks have an all Monies clause. This means that if for any reason you default on one mortgage the bank can collect the outstanding balance from the other loans. (this can…[Read more]

You are able to get the Firts Home Buyer Grant if you purchase a duplex.
Please refer to the below website
http://www.osr.qld.gov.au/first-home-owner-grant/index.shtml

There are a few options out there for you.
Bank West and Liberty are two funders that I know off hand that will lend to you with only austudy as income to service the debt, Bank…[Read more]