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Is It Time To Tap Your Equity?...

, Is It Time To Tap Your Equity?

One of the most powerful things about investing in property is your ability to leverage the equity in your existing home or investment property.
Is It Time To Tap Your Equity?

, Is It Time To Tap Your Equity?

One of the most powerful things about investing in property is your ability to leverage the equity in your existing home or investment property.

By leveraging the equity in your current property, you can quickly take that one property... and build a portfolio that can fast-track you towards your financial goals.

If you already own a house or investment property, you may have equity available that you can put to use for your next.

So how can you leverage your current equity to make that next purchase?

Your equity amount is the current value of your property minus the outstanding loan.  Banks will lend up to 80% of this amount for a new purchase without Lenders Mortgage Insurance or up to 90% with.

A risk to watch out for: with a higher loan on the property, annual holding costs are more than if you put in the cash deposit yourself.

To minimize this risk, ensure that you are purchasing a quality property that you feel will increase in value each year by more than the annual holding cost of the property.

The power of leverage. It really doesn’t take long to build yourself a very powerful property portfolio when you start leveraging your existing equity.

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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