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The family guarantee is broadly as you've described. (I am undoubtedly fortunate to have caring and supportive parents). It will enable me to borrow 100% of the property value + costs, plus avoid LMI. I want to use as little of the guarantee as possible, but leave myself a good cash...

Cheers. Its for a PPOR (our first property purchase) We haven't specified an exact loan amount to the bank yet as we have been focused on a place going to auction, just a possible price range (ie. $500,000 - $550,000). I hadn't factored stamp duty in when I first spoke with the bank, and...

Hi all Its too late to call my bank tonight, but before I do tomorrow, could someone please clarify whether I need to factor stamp duty into my upfront costs (ie. ensure i have savings now to cover stamp duty) or whether it can be rolled into my loan? I'm looking at buying at auction in...