Posts Tagged ‘Maitland’

There is more to refinancing than meets the eye.  Let’s look at the three main drivers behind refinancing:

1. Debt consolidation.
2. Better interest rate
3. Release of equity

Let’s look at the release of equity. Most of my refinancing activity comes through my investor clients. Investors are starting to fill the gap that was created by first home buyers. They are building a little bit of equity in their property and then refinancing so that they can buy another property.  It is like “leap frogging” into the next property.  Your equity provides the deposit and costs for the investment property. These funds are tax deductible, as it is the purpose of the funds that the ATO looks at rather than the security offered.

Releasing equity is a great way to start building your property portfolio.

If you have property in Lake Macquarie, Newcastle, Cessnock, Maitland, Central Coast or Port Stephens  and would like a no cost Rp Data property report just follow the link below

 No cost Rp Data Property Report

Capital growth in Median price in the Newcastle, Lake Macquarie, Wyong Gosford, Cessnock, Maitland and Port Stephens regions LGA for 2009 have all increased according the figures just release by RP Data.

As can be seen by this report there is growth in properties and areas within our regions

 If you are contemplating buying a property to live in or for investment and would like to get a free RP Data CMA report valued at $89.95 on a property in any of these suburb or a property of your choice simple email Channel Direct Home Loans and we will forward this report to you. Read the rest of this entry »