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Hey Anon, broker here. The short answer is that 5.89% is the best rate I can get from ING right now, even with lower LVRs. I wouldn’t worry too much about that rate.

I would combine all your money to buy the new $1.1 million house and take a small loan. We did that last May, and it makes life less stressful.

Definitely. The worst they can say is no.

I am fairly sure you have to pay stamp duty because you will be doing a title change. I think what you are better off doing is having your father in law gift the house to you in his will. You live in the house and pay the remaining 150k off,!and your father in law lives there with you. Then...

Yes, this is normal practice if you often fall behind on payments or if you chose a secured loan. And you are correct, you can refinance or take a second mortgage to pay it off. Let me know if you need help. This is one of my main areas of work (I am a commercial and consumer broker).

Most mortgage companies don't let you split your payment. You pay the full amount or nothing. We can only put extra money toward the principal, and that has to be done when we make the monthly mortgage payment. So, over time, any extra amount from one dollar to a hundred dollars helps...

You cannot delay the mortgage payment. They will add the shortage to your monthly bill. Pay that amount. They will spread it out over the year.

If you are in the USA, HUD offers several programs to prevent foreclosure. Consider taking in a housemate for extra money. Create another income source by selling items you don't need. Look for side jobs, such as helping seniors or mothers with children, to earn more. Cut other bills by 5...

U.S. credit system is broken

In Australia its the hospital parking that gets ya

Whether you can buy an investment property depends on how much you spend and if you owe other money. But yes, you might get about $114,000 to use as a deposit.

We moved to another state to address the school situation. It's perfectly fine to want that for your children.

Offset, you still lose money even when you claim a tax deduction

Hi Anon, I'm not in Perth, but I help clients across the country, focusing on first home buyers. Feel free to message me if you'd like to talk.

The car loan has a higher interest rate, so you should sell the car. The $25,000 you take from your offset account won't have much impact overall. It's better to reduce your stress, especially with a baby on the way.

If you have equity you will generally find a lender, talk to a broker

What would your repayments be for another house? At first, you might have a negative cash flow on the rental property. Make sure you get the best rent from your rental. Ask your accountant to adjust your tax return so you receive your expected refund each pay period, not once a year. This will...

It depends on whether he needs that money to show he has real savings or not. Some lenders may or may not ask for this, depending on the loan to value ratio and whether he is renting now which can also show he has real savings. His broker will know best.

Don't risk it, just wait until the HL settles.

I'm a broker. If the personal loan isn't tax deductible and there are few or no penalties, I would pay it off. Then, clear the balance on your home loan especially if you have an offset account or might rent out this home later. After that, explore your choices, like property investment...

I'm happy to check the figures for you. Please send me a private message, and we can review the calculations.

Yes. Just act like it never happened and put all your effort into your next job. It's similar to being turned down by someone you like: the first rejections sting, but you eventually realize it's a normal part of life. Keep going and don't worry too much about it. Each new job is a fresh start...

Hello. That is something we can work on. Send me a private message if you want to talk and look at your choices.

Make sure you can afford the repayments, not just the deposit. Choose to pay every two weeks. Also, build a safety net in case you lose your job.

Yes. Make sure you use an Offset Account to take money from. Do not use a redraw, because that will reduce the amount of interest you can claim.