Refinance or sell

Learn more about investing in Australian real estate & share your ideas with other investors.
Post Reply
m-weatherby
Posts: 1
Joined: Mon May 28, 2012 4:45 pm

Refinance or sell

Post by m-weatherby »

I am currently paying off two mortgages. One owner occupied and the other is an investment property. I also have two smaller loans and am starting to experience cash problems.

Should I refinance the mortgage I have on the investment property or shold I just sell it?

User avatar
Amine Berrada
Mortgage Specialist
Posts: 55
Joined: Wed Aug 12, 2009 12:20 pm
Location: Sydney, Australia
Contact:

Re: Refinance or sell

Post by Amine Berrada »

Thank you for participating to our forum.I would not be able to come up with an answer/advice until I know a little about your current financial situation.
What is the current loan amount outstanding on your investment property
What would be the market value of your investment property
What is the interest rate applicable
Is it fixed or variable
Do you have any other debts ie personal loan and credit cards
What is the current loan on your residential property
What would be the market value of your residential property
What is the applicable interest rate on your residential property
I look forward to receiving from you.
Amine Berrada
Kind regards,
Amine Berrada
Senior Mortgage Broker
P | 1300 889 743 E | amine@homeloanexperts.com.au
Home Loan Experts

Post Reply