Things to also Consider

It’s important to go into any type of investment with your eyes wide open. And it is vital that you understand the total costs of purchasing and financing a property.

Consider the following:

• What is your borrowing capacity and cash flow requirements?
• Do you need certainty and a pre-approval agreement in place?
• What is your credit rating and how could it impact your loan application?
• Will you be borrowing a high proportion of the value of the property? You may need Lender’s Mortgage Insurance or a cross-collateralisation strategy.
• How do you manage your loan repayments to maximise your cash flow? Do you have a strategic wealth management plan? Do you need income protection insurance to ensure you remain financially secure in the event of accident or illness?
• Will interest only loan repayments or a pre-payment of interest strategy benefit you in the early years?

Do you need to re–evaluate your retirement and wealth creation strategy to optimise your advantage? We can engage business partners Strategic Wealth who are specialists in this area.