Hi there,
My fiance and i bought an apartment last October in NSW with the first home owners grant. We lived in it for six months and have recently leased the property as we have relocated overseas.
Early next year, we believe we will be in a good position to buy another property with a combination of the equity in our first property and the amount of $$$ in our off-set account. We are living in a developing country and paying extremely cheap rent.
My question is, is it best to borrow from the same lender or go with a new lender? We are currently with the Teachers Credit Union who have a very competitive variable rate at 6.39%.
We are new to this game and any advice would be greatly appreciated.
Thanks
Dave
My fiance and i bought an apartment last October in NSW with the first home owners grant. We lived in it for six months and have recently leased the property as we have relocated overseas.
Early next year, we believe we will be in a good position to buy another property with a combination of the equity in our first property and the amount of $$$ in our off-set account. We are living in a developing country and paying extremely cheap rent.
My question is, is it best to borrow from the same lender or go with a new lender? We are currently with the Teachers Credit Union who have a very competitive variable rate at 6.39%.
We are new to this game and any advice would be greatly appreciated.
Thanks
Dave