Urgent maintenance is an unavoidable aspect of being a landlord, so having a cash buffer set aside will help you deal with any unexpected problems.
When renting out an investment property, having access to extra cash is vital for two reasons:
Who is involved in a property purchase?
When was your last home loan health check?
What is refinancing and when should I do it?
What happens when your fixed rate term ends
Fixed rate terms last for a set period of time that is prearranged between you and your lender. Fixed rate periods last between one and five years.
When your fixed rate term ends, your loan will usually revert automatically to the standard variable interest rate unless you have provided instructions to refix your loan.
The Australian property market is reshaping - 7 big trends
Refinancing to Access Your Equity
Do you need a finance broker or a financial planner?
Do you need a finance broker or a financial planner?
When taking the plunge into the world of home loans and property investment, the challenge often lies in knowing which expert to approach for help. Finance brokers and financial planners, although similar in their professional outlook, cater to different financial endeavours.
Do you know your interest rate?
Construction loans
Construction loans
If you’re thinking of building your own home, you’ll need to be familiar with the ins-and-outs of construction loans.
Construction loans are not as straightforward as standard home loans. There are additional decisions to be made about the structure of the loan, additional documentation is required, and the funding is released in an entirely different way.