Hi there, thanks for that.

yes, well we've done our research, but I think I just not aware of what actually is important and what isn't like the title. I asked our conveyancer about it for example but the advice was that it was more or less up to us, no specific ramifications, etc.

This transaction doesn't have to be perfect, we've waited long enough and no doubt will make some mistakes with our first transaction, but we'd still like to go ahead as well as we can.

I know the timing is off with regards to asking here, but I just didn't think of it earlier

Yes, IO appears to be considerably lower, the bank is CBA  and thanks again for the feedback so far.

Any advise with regards the which insurance is essential and that we must have!? Thanks again.