Why you shouldn’t wait to invest in 2018

This is a very important finance update for anyone who is looking to investment and or use their equity on their home to help fund further property purchases and or personal items.

As I am sure you’re aware, Lenders have been tightening their lending policies with regards to how and who they are lending to and a huge part of this is allowing people to have access to their existing equity. Over the past 6 months I have seen a large shift with some banks now only allowing $10,000 to be made available for people.

What is important to know is that even if you have $1,000,000 in equity this is NOT your money, it is the banks. That is unless you sell the property.

I am writing this to let you know that if you are thinking of using your equity for anything then NOW is the time to access it in preparation for even tighter lending policies.

As I write this I personally am refinancing my investments to gain access to the equity I have in preparation for some amazing buying opportunities that are starting to present themselves.

This is a time sensitive email as we are expecting this area of lending to become even more difficult in the new future.

If you would like to sit down with one of our mortgage professionals please contact The Loan Room on 1300 090 298 or email contact@theloanroom.com.au.