If you want to build your own property, you’ll usually have to apply for a construction loan. These differ from regular home loans. Most lenders release the money in instalments, which relate to each phase of construction.
Choosing the right type of investment property involves much more than choosing the right home loan. There are several factors you must consider before coming to a decision.
Interest-only home loans are a double-edged sword. On one hand, they allow you to pay less each month. On the other, they don’t dent your loan principal. Here, we look at interest-only loan extensions.
A lot of people buy vacant land because they want to build their own properties. This is fine, but you have to understand that it’s often harder to access home loan products for vacant land.
Your home loan is likely going to be the biggest debt you have in your life. Getting it repaid quickly frees up your money for other things.
Tenants have more demands than ever before. They want to ensure they receive as much as possible for the money they pay. As an investor, you’ll need to meet these demands if you want to increase how much you earn from rent payments.
Most people don’t think of their homes as an opportunity to make money. They’re satisfied to pay their home loans and live in the property. But what if you want to take on a tenant? Here’s what you need to know.
It’s bad news for the homeowner when a property enters foreclosure. However, it could mean good news for you, if you can bag a bargain. But there are some things you must keep in mind.
Even though the Australian home loan market is more cautious these days, it’s still possible to get a 95% loan. We’re going to look at some of the ways you can do this.