Whether you’re thinking of getting into property investment or purchasing a holiday house, you need to do some serious homework before making the move. The process of purchasing a second property is similar to getting your first home but if you’re thinking of building a property portfolio or if the holiday house is part of your retirement plan, then there’s more things to consider. CASH FLOW To many ...
Why Loans with the Lowest Interest Rates Could Cost You More
Our mortgage specialists often get calls from home buyers and sometimes even experienced property investors asking for the best or lowest interest rate. Is the loan with the lowest interest rate the best? Not always. In fact, choosing the lowest rate could end up costing you a whole lot more. While interest rates are one indicator of a good loan, they can sometimes be deceiving. Wrong Conditions and ...
Getting Started in Property Investment
It is the great Aussie dream to own one or multiple investment properties by using equity in your current home to help you build wealth.Purchasing investment properties can be a complicated process – this is where Mortgage Corp’s Investment Property Loan specialists can help. Things to consider when buying an investment property: Tax advice Loan structure Agent appointment for managing tenants ...
The One Mistake Many Home Buyers and Professional Investors Make after Pre Approval
Pre Approval Basics Whether you can get a loan or not is based on many factors such as employment length, income, deposit and the value of your existing properties, if you have any. Getting the right assessment at the start is very important. This is why at Mortgage Corp, our mortgage specialist will look at what you can really afford and recommend a suitable loan product to match your individual ...