Property investing questions

What’s the difference between an investment loan and an ordinary home loan? Most of the same types of home loans and loan features apply for investors as for owner occupiers. Some lenders may charge higher rates for investment properties if the associated risks are higher. Can I use equity in… Read more

The most effective repayment strategies

Paying off more in your first year has the biggest impact It might seem strange, but in the first few years of your home loan, you usually just pay off interest and barely touch the amount that you borrowed in the first place. This means that the interest on your… Read more

Avoid becoming the subject of a home purchase horror story

We’ve all heard the horror stories of what can go wrong when purchasing a property. However, there are ways to ensure you are protected and know what you’re getting into when you purchase your home or investment: • Legal Advice It is recommended that you obtain legal advice before purchasing… Read more

Case Study: Smart use of your equity

Using your equity is the real key to racing towards mortgage freedom. If you have a property worth $500,000 on which you owe $150,000, you have equity of $350,000. Lenders will allow you to borrow using your equity as collateral. Most lenders will allow you to borrow as much as… Read more

What NOT to do before you apply for a mortgage

Long before you talk to a mortgage broker you need to start considering your finances and preparing them to apply for a mortgage. You may need to seek debt reduction advice and may need to adjust your finances to increase your ability to meet the anticipated payments, but there are… Read more

How to choose the right builder for your next home

Before you decide on the home you want to build, you need to decide which builder is right for you. Which builder is going to produce the best value home, matched closely to how you want to live? Building a home can be one of the most enjoyable things you… Read more