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What is an Interest-Only Investment Property Loan?

Dee Why resident, Rachel asks “I often hear about people buying numerous investment properties using interest only loans. What’s the advantage of doing this? Does it lower the repayments or something, and what do you need to be eligible for one?” Thanks for the question Rachel. There are some advantages of using an interest only…

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Gift Deposit – Can I Obtain a Home Loan Without Genuine Savings?

Balmain resident, Byron asks “I don’t have any genuine savings but my parents said they’d be willing to give me the 10% deposit required to purchase my own home. Is a gift acceptable as a deposit?” Thanks for the question Byron. This is most certainly a question that we get here often and one that…

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