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

Building Insurance
February 24, 2018

Once you have building insurance in place, ask your insurer to provide you with a building insurance certificate of currency. You will need to send this certificate of currency back to your lender, together with your completed mortgage offer documents.

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Glossary of Terms
May 13, 2018

A glossary of terms you may encounter when purchasing property or obtaining a mortgage.

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Car dealer finance
February 24, 2018

Car dealers not only sell cars, they sell finance too. You should get your car finance pre-approved before you go car shopping to help you negotiate a great overall solution – for both the car & the finance! My equipment & car finance experts can help you out-negotiate the car sales people!

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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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Sharing a property – tenants in common
May 7, 2018

Property held in the names of two or more persons, in which each has a separate and distinct share. The shares may be equal or unequal. When one person dies their share is not passed to the survivor(s) but can be left to beneficiaries other than their co-owners.

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Who can witness Statutory Declarations in Victoria?
May 7, 2018

Under the Evidence (miscellaneous provisions) Act 1958, there are many people who may witness the signing of a statutory declaration in Victoria

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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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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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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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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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