My Free Resource Hub & Education Community https://go.huntergalloway.com.au/hub Need home-buying help? Work with …
Rumah pertama tanpa deposit
#Buy #Property #Deposit
My Free Resource Hub & Education Community https://go.huntergalloway.com.au/hub Need home-buying help? Work with …
Rumah pertama tanpa deposit
#Buy #Property #Deposit
📚 My Free Resource Hub & Education Community 👉 https://go.huntergalloway.com.au/hub
Does this mean there will be three active loan. $100k – $300k and the $800k ?
So the bank will allow me a loan for $300k then the $800k too ?
Is this.known as home equity loan?
Great video! I have a question – Would it work in my favour to leverage equity from two seperate investment properties to buy a third investment property outright or better to leverage equity from one investment property and get a loan for the rest? Any tips appreciated. I’m currently seeking a top up against both investment loans to purchase the 3rd place outright – Is this wise or silly ?
Awesome video! Thank you 😊
can u make a new video with real price
I am confused about the equity and if you "unlock it " does it become another loan to pay or is it imaginary and that if you don't make the payments the bank takes 1 or both houses repossessed??
I own 2 houses and I was thinking rent can pay for anything new " ?
What if my income doesn’t change?
Do you avoid lmi on second property doing this??
Hi my daughter bought her 1st home 7 months ago but wants to buy a 2nd home with the gift I gave her of $30,000 is it wise for her to go to 1st lender she used or can she go to a different lender for the 2nd home? Will the 2nd lender verify info from the 1st lender or is it kept private. I'm asking because I don't want the two mortgages combined. I want seperate payment. Will the original lender verify all her info again?
Does this mean there will be 3x active loans – the 100k, 300k and the new loan for the 800k?
Is this applicable for commercial property investment? My mortgage broker was proposing to combine the old and new loan into one but your explanation makes sense though. 😊
Man I still don't get the equity equation explanation.. ahhhhh so frustrating.. plays with my head… Is the equity the amount I owe already on the property??? Can someone please workout this scenario for me?
My house is currently valued at $600K. My mortgage loan is $270K. My house was bought 4 years ago at $300K with a $30K 10% deposit.. over the 4 years my loan is now down to $250K from $270K.. Whats my Equity now?
This still depends if the bank will lend you 800k right? even though you have 300k equity
Hey guys I actually just bought my first investment property two months ago. Your videos are absolutely superb.
What about ensuring the loan is positively geared? Yeah you can take out equity but if the rental return isn’t covering the mortgage of $1m then it ain’t a wise investment. You’ll just drown in debt
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Great video. How to extract equity if one already used up his salary to service the existing loan repayment? we need rental income to secure the equity loan approval? If it is the case, how to get the loan for the next property, seems the bank is reluctant to lend money for the rent reliant investment.
How about the interest from the money we take from the first house to down pay the 2nd house?
The scary part for most is that now you owe 400k instead of 100k on a house that's only worth 500k.
Does it make a difference when using equity to buy my next house if I don’t actually owe anything on the house I live in. I own the house I live in outright.
Apologies if this has been asked before but how do I know how much can I get as loan for the next property. In your example in the video, how do we know that the person can afford a second property worth $ 1m? Because if I got this right, the person will have to pay out $100k from the first property (existing loan)+$800k from the second loan. Thats considerably more than the $100k of the initial loan and before they buy the first property. Technically they have 300k of equity from the first property which can be used against the second property, but still its a lot more: $100k+$800-$300 = $600k. Is this correct? In all examples (including those on the website) I found that the total loan value (property 1+2) has materially increased. sorry if its a silly question.
Awesome video, I just purchased my first home in Melbourne using most of your helpful and informative videos as guidance throughout the process, now I'm learning on how to move onto a second house as an investment down the track. Just a question, if I release equity from my first home for a deposit for a second house in the near future – there is interest right? and I would have to get another loan to pay off the rest of the property, so that is two loans with interest for 1 house? Thanks
So you need a huge equity gap to run this coarse
Seeking some advice please. I am wanting to buy a second home to move into. The first home is rented out.
The first house was valued at 110,000 and I owe 84k on it. The new house will be valued between 100000 and 110k. Could I get a 100% mortgage using the equity alone?
Thank you so.much, I am a firstbime buyer and you have explained this so well. Thank you
Can you please do a video on the interest rates associated with using equity? Every video I've watched make it sound like you just get this free equity to go towards another place but they don't talk about the actual cost of using that equity which is in the form of interest repayments (from what I can tell…) any info on this would be appreciated!