Category Archives for "General Info"

What is Home Equity

By Matthew Kenworthy | General Info

Home Equity can be used to fund renovations, investments or consolidate debts although many borrowers don’t fully understand how it can be used effectively. The amount of equity you have in a property is determined by subtracting the amount you owe the bank from the property’s value. For instance, if you had a property worth […]

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Variable Rate Loans

By Matthew Kenworthy | General Info

A variable rate loan is a loan where the interest rate, and therefore repayments can be changed at any time by the lender. They are the most common type of home loan. What are the Benefits of a Variable Rate loan? Extra Repayments Variable rate loans allow you to make unlimited extra repayments. Extra repayments […]

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Line of Credit

By Matthew Kenworthy | General Info

A Line of Credit (often referred to as an equity loan) is a means of converting available equity in a property into funds that can be used for future investment. A Line of Credit works very similarly to a credit card in that once the loan is in place you can use the funds when […]

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Fixed Rate Loans

By Matthew Kenworthy | General Info

A fixed rate loan as the name suggests is a loan where the interest rate and therefore the repayments are fixed for a certain amount of time. Fixed rates are determined by the banks and move independently of the Reserve Bank cash rate, and the banks variable rate loan products. How Long Can I Fix […]

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