One the biggest nightmares a person can go through would be the turmoil of going through a vicious circle of unending debt. Many of us fail to understand the process of debt reduction and merely get hung up with the thought that debt is eating up all your income and wealth
If you dream of owning your own home or unit, it is imperative that you identify the sources for the finance for buying the house or unit. You might be have been savings for years to accumulate for fulfilling this dream; or you might want to dispose an existing asset with the intension of buying new property; or you might want to take up investment loans.
Lending For Apartments and Small Units Most of us dream, as soon as we start to earn a living, to own a home of our own. While owning a large bungalow or a villa would be the perfect dream, we need to start somewhere and one of the simpler real estate dreams to fulfill would Read more about New Loans For Apartments[…]
Is An Interest Only Mortgage For You? This depends a lot on your situation and probably more on what you think the property market is going to do if you are an investor. Interest only mortgage have significant lower repayments as they have no principal amount attached. This alone provides a great incentive for investors Read more about Interest Only Mortgage[…]
There is the old question that comes up every now and then, – “Should I buy that studio apartment?”
Here is some of the “noise” that surrounds them-: “They won’t lend against small inner-city studio apartments, You won’t get approval if the floor size is less than 50 sqm, Student apartments are not an option, Some lenders won’t lend for apartments in large complexes, Hotel or motel conversions are no good, The location of the unit within the complex is important