Get mortgage pre-approval
Early on in the decision making process of building, extending or renovating, you need to determine the price range that suits you best. If you plan to finance your purchase with a mortgage loan, sit down with your lender or mortgage specialist to discuss your needs and get mortgage pre-approval. That way, you know exactly how much you can spend on your building requirements. If you want to be able to make regular payments to the builder during the construction of the home, talk with your lender about a construction, or re draw mortgage.
Pre-approval means that your lender commits to giving you a mortgage loan up to a specified amount at certain terms and conditions, including the interest rate. This commitment will be valid for a specific period of time. Pre-approval does not lock you into the mortgage. You are still free to pursue other arrangements, including shopping around for better mortgage deals.
Sunday, 28 August 2011
Wednesday, 24 August 2011
Investment Opportunities
INVESTMENT OPPORTUNITIES
Investing in property is ideal for both positive and negative gearing, it is also a proven retirement plan with rent and your income increasing with inflation. Long term rental capitalises the property growth.
There are many ways you can invest in a home:
- Build a home to Rent
- Build & sell making an investors margin
- Build a new home and move in & lease your current home (capitalising a capital gain)
- Build a duplex and receive two lots of income.
- Build a granny flat
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