Useful Tips
EquityVision 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
May 5, 2018
Use this checklist to ensure you have all the necessary and helpful information required about the conveyancing of your property
read moreMay 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.
read moreMay 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.
read moreMay 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
read moreMay 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.
read moreMay 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.
read moreMay 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.
read moreMay 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.
read moreMay 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.
read moreNovember 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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