Confused again - borrowing power and deposits

[Indadhanu]

LOL yep, thanks misty, not thinking about that stuff just now, was just trying to working out if a deposit added on to the amount you could buy or if it reduced the mortgage.

Oh I know where that is. Nice area all very new and sparkley in there!

[Maruschke]

Actually I grew up on that street . Where abouts would you think of buying? There are some parts of Morayfield / Caboolture that are kinda cheap and I wonder if the areas will pick up over time or just get worse?

[Violet Star]

It depends on who you go through as well. I know in the past I was really put off by morgage insurance by some banks, and then when another bank spoke through some options, it didnt actually cost that much to have the MI in the first place. So it really does pay to speak to a few people or even a REALLY good broker. I know people who have been heartbroken over dream houses, when with paying only a little MI, they would have been able to borrow the small amount to get the home.

Hope you find your dream home soon

[Indadhanu]

Have you been there in a while? Everything is so built up, so many new houses being built, only a few older houses on the side streets are still there.

There are some areas that are very cheap, but Cab Sth is NOT somewhere I would raise children so we have to look a bit more expensive. Then general rule of Cab is - when the house prices go above $260,000, the area is generally alright

I'm thinking Lower Morayfield/Upper Caboolture. Bellmere. Some parts of Tullawong. Even the outer subrubs like Moodlu, Elimbah, and Ningi.

[Maruschke]

Have you been there in a while? Everything is so built up, so many new houses being built, only a few older houses on the side streets are still there.

There are some areas that are very cheap, but Cab Sth is NOT somewhere I would raise children so we have to look a bit more expensive. Then general rule of Cab is - when the house prices go above $260,000, the area is generally alright

I'm thinking Lower Morayfield/Upper Caboolture. Bellmere. Some parts of Tullawong. Even the outer subrubs like Moodlu, Elimbah, and Ningi.

Upper Cab, tullawong area, Elimbah, Bellmere were all areas we looked at. Moodlu is really pretty!

Cab South is definitely a no no, I don't feel safe out there.

Have fun hunting we have a great Real Estate agent out there so when you get closer to buying I will pass his details on (and the details of someone you NEVER EVER want to have to speak to, EVER). *shudders*