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Existing property owner buyers |
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Individuals or partners looking to invest in a second home have the opportunity to leverage equity to finance their next property. |
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Investors are those who buy investment property(s) so as to increase their personal wealth. The main loan types that suit this segment are:
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Standard or Fixed Variable Rate |
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Interest-only Loans |
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Equity Home Loan or LOC (Line of Credit) |
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It is important to consider the following cost-saving options that are associated with these loans:
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Interest in advance home loan (lets you pay next year’s interest in the current financial year, thus creating a tax deduction for eligible borrowers) |
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Mortgage offset account (lets you use savings and interest earned on savings to reduce the interest payable). |
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This is the best time to do an exhaustive assessment of your position, and review lending products in the market to align your strategy towards procuring your next home.
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Financial position |
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Capacity to borrow funds |
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Liability position |
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Savings and Equity |
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Rental Assessment |
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Loan Type and Features |
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Mortgage Insurance |
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Stamp Duty |
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Loan and Purchase Expenses |
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On going budget plan |
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Cash flow for future opportunities |
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We at Finance and Mortgage Solutions recommend that you start your planning six months to a year ahead. We provide an obligation-free service to review your position and create a plan based on your circumstances to give you with the best value to grow your wealth for your future. |
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Contact us today for an obligation-free interview. |
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