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Rolf , one wonders if the advice given to the poor ( Elderly ) lady in last nights Four Corners was acceptable under the ASIC based rules. If it was someone needs a good lynching. BTW , thanks for the advice :) See Change

Sorry , I fail to see how option 2 has a initial higher risk that is then moderated by the use of the offset. You're keeping 20K in reserve at all times. You're then placing it into the offset account to decrease your payment to the same level as option 1. Fine, your paying for LMI , but your...

Option 2 has 20 K , easily accessible cash reserve.. See Change

If someone wants to buy a 200K property , they have 40k and can have two options 1) Put in 40 K borrow 160. They have a LVR of 80 % 2) Put in 20K , borrow 180, and put the 20 K into an offset Account. They have an LVR of 90 %. Any way I look at it Option 2 with the higher LVR is the...

Agree with you on this Freedom. My thoughts on this are that you push you're LVR up during the early / mid part of the cycle, but then let it drop , and not get overly agressive toward the end of the cycle.. I wouldn't get too concerned about lazy dollars. If you know what you are doing ...

The thing that bugged me when I saw the headline and then read the article is that the couples experience in dealing with someone who obviously didn't have their clients interest first in mind implied that this is how a lot of the mortgage broking industry works. There is also the unstated...