Set -up a line of credit on the existing property. Thats the...

Set -up a line of credit on the existing property. Thats the deposit,stamp duty and fees then shop the loan out to a broker with instructions to find another institution. As warnie suggests never get in a posie where they can pull all your loans in. I deal currently with 4 different institutions for precisely that reason.
No money down deals are the way to go....youre on the right track.
I play them off against the other. I got a mental interest rate from the NAB when I threatened to take the lot to St George.