Author: MAXISLoans
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Using Pet Inheritances for Australian Home Loans
Ever dreamt of Fido or Fluffy helping you climb the property ladder? In Australia, while our furry (or feathered, or scaled) companions hold a special place in our hearts, they can’t directly contribute to your home loan deposit. Here’s why: The Law Down Under: In Australia, pets are legally considered property, not beneficiaries. This means…
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Unshackling Your Home’s Equity
Your home is likely your biggest investment, and as it gains value over time, the equity you build up can be a tempting resource to tap into. But before you dive into using a home equity loan or line of credit, it’s crucial to understand the implications and weigh them against your goals. Here’s a…
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Should You Refinance? A Look at the Key Considerations
Refinancing your mortgage can be a tempting proposition, especially when interest rates drop. But before you dive in, it’s crucial to understand the implications and determine if it’s the right move for you. Here’s a breakdown of the key factors to consider: 1. Your Goals What are you hoping to achieve by refinancing? Are you…
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Key Considerations Before Taking an Investment Loan
Investment properties can be a powerful tool for building wealth, but taking on a loan adds a layer of complexity. Before diving in, it’s crucial to carefully assess your financial situation and the property market. Here are some key factors to consider: Financial Strength and Affordability: Investment Property Selection: Loan Options and Strategies: Long-Term Strategy:…