Introductory Rate , small interest Home Loan

These loans allow a low interest rate for an Introductory period: then they revert to the Standard Variable rate. The benefit is, this allows a Home Buyer an initial lower repayment, while one may be paying off the inital costs of home buying. One must be critically aware, that the repayments will rise, after, for example the first year. There may be high closure fees for discharging the loan early, within the first five years. Of course, one should consult your Mortgage advisor, in order, to check if this loan is suitable.

Government $ for small Green Home Loan!!?

This refers to a loan with no interest, subsidized by the government.  In order, to allow borrowers to make improvements to upgrade the environmental efficiency of the home.   A loan of up to $10,000 may be made, in order to add improvements, like, water tanks, more efficient white or brown goods,  double glazing or solar hot water.
I am currently, installing double glazing on the large eastern feature windows, as I already have water tanks and high efficiency star rated, white and brown goods.
Does this mean one can access government funds to improve the home, Answer, well, yes, in a word!!!
Can one access this scheme for an  investment home. Well YES!!!

SHARED EQUITY investment HOME LOAN

Well who would want a” Shared Equity Home loan “? What does it really mean?
Today, I enclose a simple summary for you. A Lender provides debt for the mortgage in partnership with an equity provider, effectively the bank is taking an equity stake in the property. A shared equity loan allows the borrower to borrow more than most other loans. The borrower does not have repayments on the equity slice of the property retained by the bank. Common Shared Equity loans, allow the bank to make around 40%  of the capital appreciation in a property,  in exchange for a 20%  share equity loan. As the lender receives payment through a share of the capital gain, the bank’ s interest are more closely inline with the borrower. Clearly, these loans are not a cheap way to borrow more : But they might suit some aggressive borrowers who have terrific expectations or think they have a most outstanding property deal. The Bendigo Bank is the first bank to offer these loans.
Consult your Mortgage Broker!!!

INVESTMENT house VERSUS home UNITS

Hi readers, While i Compare the rents and expenses and likely growth below this is general suggestions, not specific advice. UNITS give a higher rental yield, 6% to 8 % a lesser capital outlay, say 10 to 20 % less a lessor land component less maintenance expenses, higher Body Corporate fees, Likely less capital growth
HOUSES. A lower rental yield, at 2% to 6%, A  higher capital outlay, likely more maintenance, more garden, more fences no Body Corporate fees, but potential for subdivision, especially if you get a corner block. These ideas are quite general.  A home buyer or investor will make much greater emphasis  on the City, Suburb, and even, the street and particular property. For most investors the critical point is to select your most desirable property. Then start as soon as possible on the renovation.

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Better home loan RATES MORE ON FINANCING

Hi Readers, Today  I suggest one check out the financing offers from Credit Unions . Why ?

Well they currently  offer the best deals  when looking for low interest rates.  While their credit criteria can be tight  and loan levels limited, their rates are the best.
And Why ?

Well 1 They are relying upon their own deposit base, and not borrowing on weird American deriavatives market .
2 They have a much better record on loan repayments, as people want to be accountable to their peers, like say Teachers to the Teachers credit Union. Thus a much lower delinquicy rate.

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