Doing anything alone can be daunting and uncertain. Buying a house or investing in property on your own can be even scarier because you know the bank is looking solely at you and what you bring to the table, rather than the supplementation that comes with a partnership.
If you’re looking to invest in real estate, equity makes it easier for you. Whether you’re a homeowner or you’ve already acquired an investment property, the equity you’ve built up can be used to purchase your next piece of real estate.
Whether you’re looking for an investment property, purchasing a new home, or taking your first step onto the property ladder, you’re probably going to need a home loan. Buying a property is one of the most expensive purchases for almost all Aussies, and most of us can’t afford to buy these properties outright.
In May, we put out an announcement about the Banking Royal Commission and how mortgage brokers, with a few exceptions, have basically been doing the right thing all along. While this is still the case, it has become clear that the lenders have been less than transparent about their dealings with brokers and clients and have been slack in their diligence.