Monday, July 30, 2012
How to avoid Negative Equity - 5
Some Property forecasters are predicting a 10-20% fall in House Prices in most regions of Australia over the next 12-24 months .
Therefore it is extremely important to ensure that you have the right type of Home Loan
to avoid the Negative Equity trap .
If you have an Interest-only mortgage you may be highly susceptible to any drop in House Prices . Interest-only Loans have a distinct advantage when the Property Cycle is moving upward,
but when the Cycle is moving downward these type of Loans can represent a serious liability.
Will the Bank call up your Interest-only Loan if your House value drops below your Mortgage ?
We recommend for Householders who have Interest-only Loans
to check the House Price fluctuations in their area.
If your LVR ( Loan to Value Ratio ) is 80% or more,
you may be vulnerable to the Negative Equity trap .
Phone Craig Holme on 08 8218 4888, or 0423 585 932 .
Gmail - alphasocialmedia@gmail.com .
http://www.facebook.com/craigholme101
Therefore it is extremely important to ensure that you have the right type of Home Loan
to avoid the Negative Equity trap .
If you have an Interest-only mortgage you may be highly susceptible to any drop in House Prices . Interest-only Loans have a distinct advantage when the Property Cycle is moving upward,
but when the Cycle is moving downward these type of Loans can represent a serious liability.
Will the Bank call up your Interest-only Loan if your House value drops below your Mortgage ?
We recommend for Householders who have Interest-only Loans
to check the House Price fluctuations in their area.
If your LVR ( Loan to Value Ratio ) is 80% or more,
you may be vulnerable to the Negative Equity trap .
Phone Craig Holme on 08 8218 4888, or 0423 585 932 .
Gmail - alphasocialmedia@gmail.com .
http://www.facebook.com/craigholme101
Sunday, July 29, 2012
Saturday, July 28, 2012
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