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

What is a Redraw Loan?
May 13, 2018

A redraw loan enables you to make extra regular or one-off payments above your minimum monthly repayment. The redraw facility allows you to access those extra payments when you need them.

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Rural Acreage or Lifestyle property
May 7, 2018

Thinking about a Tree-Change? Buying a home in the country has many benefits and is sometimes a dream of people wishing to escape the Rat Race. But before you fall in love with any property, make sure that you can borrow the money you need to buy it.

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What costs are there when buying a property?
May 5, 2018

Stamp Duty
Conveyancing
Moving
Building or Contents insurance
Lender application fees
Building inspection, pest inspection and strata reports
Proportion of Rates/etc at settlement

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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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Determine your budget
May 5, 2018

OK, we know it’s no fun, but it’s really important to determine what you are planning in the years ahead, and what home loan repayments you can afford.

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Adverse credit history
February 24, 2018

An adverse credit history indicates that there are negative reports or past transactions showing unpaid debts, overdue accounts, over the limit transactions or dishonoured payments.

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Credit Reports
May 5, 2018

Credit Report providers hold credit-related information which is primarily used by banks and other lenders to assist them in assessing applications for credit.
If you have every applied for or used credit in Australia, you will have a credit file.
See my Tips on Adverse Credit History for more information

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Protecting your financial position – Risk Insurances
May 7, 2018

There are so many things in life to think about these days! Insurance however is not always top of mind.

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Property checklist #2 detailed
May 13, 2018

Is this property one that you would consider further? Ask me for my Property question checklist

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Steps to buying a property.
May 7, 2018

This obvious step is often underestimated by many buyers. We can help you understand what you need to save for and help you set your savings goals.

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