How to use EQUITY to buy INVESTMENT PROPERTY in Australia Explained in 8 min | Real Estate Investing
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- čas přidán 5. 09. 2024
- How to use Equity to buy investment Property in Australia?
I’m Tony Xia, the Founder and Director of The Mortgage Agency, one of Sydney’s top mortgage broker firms.
In this episode of The Mortgage Chat, we’ll look into how you can use the equity in your home for various purposes, including buying a car, renovating your house, or investing in more properties.
What is equity?
It’s the difference between the value of your property and what you owe on it. If your property’s value has increased since you bought it, you’ve built up equity you can leverage.
In this video, you'll learn:
✅ Personal uses for equity like buying a car or renovating your house
✅ Investment uses such as purchasing additional properties
✅ How much you can borrow against your equity
✅ The importance of not cross-collateralising properties
✅ Tips for structuring your loans to maximise benefits
Want to get the best possible outcome when buying or selling property?
Contact The Mortgage Agency today for a free consultation with our experienced mortgage brokers.
We can help you navigate the complexities of the Australian property market and secure the best loan for your needs.
Don't forget to like, share, and subscribe for more episodes packed with expert insights and industry updates!
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Tony Xia | The Mortgage Agency
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📩 Tony@themortgageagency.com.au
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Tony Xia | The Mortgage Agency
📞 0423 718 612
📩 Tony@themortgageagency.com.au
Very informative. Thanks for creating.
Thank you, appreciate it mate
Should we pay interest only or interest + principal, on the equity loan?
Depends on what you're using the equity for and if you have other non tax deductible debt.