Can you use the equity in your home for investment?
You May Have More Borrowing Capacity Than You Think

article6.jpg

With the continued positive market outlook across most states, people are exploring how they can get into the housing market or purchase investment properties. The challenge arises when considering how to finance the purchase of a second property, particularly if you already have a mortgage on your existing home.

What Is Your Borrowing Capacity?

Housing prices have seen record increases across most states and suburbs in recent years, therefore many home owners will now have significantly more equity in their current home than they would have had two or more years ago. The increased value of your home may give you the capacity to borrow against it to purchase an additional investment property.  Alternative options for finance may be to pool your resources by joining your borrowing power with close family and friends so that you can all enjoy what a buoyant property market has to offer.

Why Buy an Investment Property?

There are many reasons why you may want to purchase an additional property, whether it be as a straight property investment allowing you to gain a second income via rental return while enjoying potential capital increases in the property value, securing the future for your children by helping them buy their own home, or perhaps purchasing a safe home for extended family.

Recent housing affordability measures announced by both the Federal Government and some State Governments will assist first home buyers and some developers and encourage continued activity in the property market.

While home loan rates remain at record low levels, now may be the right time to review your current mortgage and home value to understand your own equity, or consider your options for additional borrowing for a second property either on your own or with other family members.

I'm looking to

Buy my first home
Refinance
Buy an investment
Buy a new home

Understanding the fine details of the many home loan options out there is often confusing and complicated. HomeLoanReport.com.au makes the process of gathering and understanding the information easy for you.  You will receive a report with borrowing capacity, estimated loan repayments, and more, as well as a chance to chat with a home loan professional to discuss your requirements.  All of this is absolutely FREE.  Request your home loan report today for the chance to potentially save thousands on your home loan.

Related news

iStock-628162012.jpg

Why should you buy or sell in Winter?

Markets Remain Positive Across Most States

Read More
iStock-647071778.jpg

Are We Heading For A Property Crash?

Australian Property Market Opinions Vary Considerably

Read More
housingladder.jpg

Have we reached the top of the housing price ladder?

Price changes will vary from city to city

Read More
sept-article1.jpg

Are You Overpaying On Your Home Loan?

A Quick Review Could Save You Thousands

Read More