Refinancing your mortgage can help you during this period of economic uncertainty by lowering your monthly payments and saving you money over time. Americans are refinancing loans at a 38 percent higher rate than last year, partly because interest rates were reduced when the coronavirus pandemic hit, making borrowing more affordable.
Get to know about Refinance Home Loan.
A Refinance Home Loan is a type of home loan. The two main motivations for switching a house loan are profit from a che...
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The home loan is a long-term financial aspect, and you desire it to fulfill your dreams. Before you get into the venture, there are some essential things you should know about. They are provided to you in this article.
Interest rate:
The interest rate is imposed on the lowering loan amount balance. Currently, home loan interest rates are between 75 to 11%, with a discount to women borrowers.
Loan amount:
The loan amount one can borrow depends mainly on two factors. They are the value of your...
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Without any doubt today self-managed super funds (SMSFs) have become a very popular choice for the property investors. The main reason for popularity of SMSF Finance is the superannuation and the same concessions and tax advantages as the retail, industrial and corporate funds in the market. It is considered as the ability to own direct property and have absolute control over an investment strategy. You will agree that purchasing a residential property in a SMSF is a great investment tactic to g...
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Loans for equity release provide a method for accessing the cash equity that has built up in your property over time (‘equity’ meaning the value of your property that is not subject to a mortgage). Homeowners can use this equity in their home, to release cash that can be used for any worthwhile or valuable purpose. Common reasons for releasing cash equity include:
Raising funds for business purposes
Raising equity for property developers
Paying ATO Debts
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Understanding Self-Managed Super Funds (SMSFs)
SMSFs are a powerful way to save for retirement, encouraging that vital nest egg to grow and ensuring your retirement is stress-free with the funds you require to live comfortably, on hand. If you have one, you can consider borrowing through an SMSF property investment loan to purchase a residential property.
Full Market Access
GCC Home Loans is uniquely positioned to assist our clients through our direct access to each lender who currently offer...
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