Renovation
What Is Redraw? Exactly what is redraw and how can you use it to your advantage? When should you use it and how can it be used for savings? Exactly what is redraw? Redraw is when you have surplus funds on your home loan and you decide to take back those surplus funds. Lets look…
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How does a construction loan work? A construction loan is no different to any other home loan, it is just the beginning set up that is different. The funding for a construction loan is accessed in stages. How many stages will depend on the amount of payments the builder has in their contract. Another factor…
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What is Home Equity? So, what is home equity? Home equity is the difference between what you owe on your loan, and your home’s current market value. For instance, if you have a home worth $600,000 and the balance remaining on your loan is $300,000, your home equity is worth $300,000. If your loan is…
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Thinking of Investing in Property? Buying a home to live in and investing in property still remains the favourite strategy of wealth creation in Australia. If you are looking to invest in your first rental property, there are many things to consider. Why Are you Buying An Investment? Is your strategy to gain capital growth;…
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Options for Home Renovations Rather than sell and buy a new property, it may be easier and more cost effective to stay where you are and renovate your home. When you sell, you have the very expensive cost of real estate agent selling fees. Then when you buy, there is stamp duty on the new property,…
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