Yep it can Tony, most people use it to boost their deposit. I am doing exactly that at the moment.
Try to get around 10% for a deposit (including FHOG), most big banks are cutting back on the number of 95% loans that they accept according to my broker.
If Sam see's this he'll be in a better position to comment.
Sent from my GT-I9100 using Tapatalk 2
__________________
Ryan
|