Legendary!

Starting to think i should have used an independent mortgage broker, but fingers crossed there’ll be a next time

BTW some good advice on your links!

Thanks Again to all

Thanks Jamie,

Much appreciated.

To re-iterate it will be an investment property after 6 months, so i think this would definitely be the way to go.

I’ll have a look at your links and come back if i have any questions. Thanks also!

Also if you have any suggestions as to the term for the IO it would be much appreciated!

I knew there was something else…

Is it also possible to make a lump sum payment on the IO loan (with an offset account) and it make a big dent on my principal? Or does the IO loan with an offset account not really work that way?

Again from what i understand it would be better to just increase the amount of money in my offset account and then…[Read more]

Thanks Tom & Finance Guy,

It seems like this is definitely the right way to go!

I think this has answered all my questions, unless there is a reason i should go 5,7 or 10 years IO, or look at doing 50% instead of 100% offset?

Thanks Guys,

Thanks for the quick reply, that sounds like some good advice!

Unfortunately i think i wouldn’t have much change left from the rent (event with the IO loan repayments) – this is just due to the expected rental, however it certainly would make sure that i don’t have to pay much extra to service the loan – although this would mean that the loan…[Read more]