Originally posted by hb:
Unreal…..your going to complete your law degree this year at the age of 22….(a course that normal takes 6 years at uni)….you must be a boy genius.

it surprises me that me that your on this forum looking for advice from a few dreamers and mortgage brokers.
How about looking outside the square….
Have you tho…[Read more]

Originally posted by TracyD:
Not sure why you cant use your savings to buy a residential IP? Who told you this?
Maybe Stuart can answer this being the mortgage man…

TD

I can buy a residential property, but with the FHOG I have to be “living” there for the first year. In other words, the Government designed it that way so people wouldnt use…[Read more]

Thanks for the replies.

I did some research into the FHOG. It stipulates that the applicant must NOT have “owned a home prior to 1 July 2000.” The grant defines the term “home” as either a “new or established house, home unit, flat or other type of self contained fixed dwelling that lawfully can be used as a place of residence.”

TD, Your 4 step…[Read more]