Equity from existing home loan refers to the difference between the market price of your property and your mortgage balance. If you have been the owner of your property for a few years, then you probably have constructed some equity which is a great resource as regards property investment. You can even obtain good advice from your local mortgage broker regarding how much equity is feasible for your home.
It is a great idea to repay home loan as soon as possible. If you have any debt on your home, then you do not get any tax breaks. When you are deft-free, the equity is tax-effective. The home loan thus is more expensive than the one on your investment property.
For more information and advice, visit us at Maruti Home Finance!
Address
Maruti Home Finance
Taylor Street
Greystanes
NSW
Australia
Contact :
Office :
E-Mail:kumar-bk@hotmail.com , info@marutihomefinance.com.au
http://marutihomefinance.com.au/investment-loans/
Address: Sydney, NSW
Web: http://marutihomefinance.com.au/investment-loans/