Useful Tips

Here are links to all of EquityVision Tips.

If you find them useful, you're welcome to share with your friends.

We’re often adding to the list and updating them, so if there is a Tip you’d like to see, or if you have some feedback on an existing one, We’d love to hear from you. Email us at advice@equityvision.com.au

Why do you need a Conveyancer?
May 5, 2018

Use this checklist to ensure you have all the necessary and helpful information required about the conveyancing of your property

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Lenders Mortgage Insurance (LMI)
May 6, 2018

LMI is a one-off, upfront insurance premium that is generally payable when you borrow more than 80% of the property value. It does not protect you as a borrower. It protects the lender in the event that you default on the loan, and they have a shortfall in funds after selling the property.

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Cross Collateralisation
May 5, 2018

When you borrow money to buy a property, the lender will take a mortgage over that property to secure the loan – one loan and one security property.

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Fixed Rate Loans – Lock in Option
May 6, 2018

If you have selected a Fixed Rate home loan, the fixed rate that will apply will be the advertised rate on the date of settlement

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Fortnightly loan repayments
May 6, 2018

Should you pay your loan repayments fortnightly rather than monthly?

Interest on home loans is calculated daily on the outstanding balance and charged to the loan account monthly.

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Selling price maximisation
May 7, 2018

When you sell a property, whether you are selling your home to move or cashing in your investment property, you want to achieve the highest possible selling price.

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Pre-Approved loans
May 7, 2018

A loan pre-approval is written confirmation that a lender has reviewed you and your current financial position and is prepared to lend you money up to the pre-approved loan amount.

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Appointing a Selling agent?
May 7, 2018

Selling a property is quite complex, which is why you need a real estate agent. As your home is most likely your biggest asset, you need to make sure that you appoint the right person.

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Investing in Property
May 6, 2018

Leverage – you use your cash to invest a percentage of the purchase price of the investment property. It’s possible to borrow 95% of the value of a property to purchase it – so together with the 5% needed for government and lender costs; you need only commit 10% of the purchase price from your own cash.

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Split contracts and multi-unit developments
November 1, 2018

Every lender has their own terms and conditions, and this is intended only as a general guide to understanding this topic.  Contact us to discuss your individual circumstances.

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