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

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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Eleven + Home Loan Questions answered
May 7, 2018

As a professional mortgage broker, we will assess your needs taking into account both your personal and financial goals, and will provide professional written advice on loan structure, lenders and products.

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Financial Hardship options
May 5, 2018

Life events such as unemployment, health issues, relationship separation and natural disasters can impact your ability to meet your home loan commitments. In such events you can ask your home loan provider for a hardship variation to change the terms of your loan.

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Comparison rates
May 5, 2018

Comparison rates are a legislated requirement for lenders to provide to home loan consumers.

All credit providers must give a comparison rate when they advertise a rate or a weekly payment for home loans. The comparison rate includes the interest rate or weekly repayment amount, plus most fees and charges.

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Property titles – co-ownership?
May 7, 2018

Joint tenants, Tenants in common

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How to make the most of a Free Redraw loan
May 13, 2018

Work out how much ‘cash’ you need each pay period ($A).
Get your payroll department to deposit $A into your bank account and the balance into your Home Loan.
Pay as many bills as possible by credit card.
Redraw from your loan to pay your credit card and other bills as required.

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Guarantors on loans
May 6, 2018

A guarantor promises to make the payments or reimburse any shortfall in the event that the original borrower does not pay and/or the property is sold at a loss.

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Builders – questions to ask
March 14, 2018

If you are thinking of renovating or building, make sure you get the job done right first time with a good builder who will help make your dreams a reality, rather than dragging you through a nightmare. Here are some questions you can ask a potential builder to save you a lot of heartache.

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Interest Only repayments
May 6, 2018

It is possible to arrange with your lender to only pay the calculated interest on your loan each month, without any requirement to pay down the principle amount owing on your loan.

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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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