Just signed an offer on a property last Friday for a home we're intending to live in. I randomly found this website and I've spent the entire weekend devouring all of the insanely useful information. I'm curious how I should set my loan up best for the future. It's made me question my initial plan which was to pay a big deposit on a P&I mortgage and pay it down ASAP. Me: Self employed @ $120k Wife: PAYG @ $65k We have $550k in savings we can put towards a deposit. No debts, we are pretty financially disciplined and good savers. Property: $700k - just signed offer, we're settling in 4 weeks. We came in with a cash offer (Mum's idea!) and fast settlement to use as a bargaining chip which ended up working in our favour, we got the house at a discount. Mum was going to kick in the difference if for some random reason we don't get finance. We have pre-approved finance with ANZ, we went direct to the bank as Dad (now Mum) have decent business dealings and they recommended the Break free package and on a P&I loan the mortgage guy said he was confident he could get us under 4% on variable. I'm not sure if we'll get that rate on IO. If there is any chance we're moving out of this place in the next decade and turning it into an IP, I need to set the loan to interest only, borrow as much as possible and park as much cash as possible in the offset account? That way when we move out we remove the offset and that debt becomes tax deductible? If we do stay in the property, should I set it to IO anyway and make additional payments? I saw a video saying you're better of doing that due to the forward loading nature of a P&I loan. I do want to start investing in property eventually - hopefully purchasing my first in the next 6 months. Where should the deposit for the first come from? I appreciate any advice!