Home Equity
Vicky McLoughlin No Comments

What is Equity in a Home?

There are more perks to homeownership than just being your own landlord – home equity is one of them.

Owning property is widely considered to be one of the most effective ways of building wealth. Yes, the property is the asset, but the real value of your home lies in the equity raised. Equity is essentially the part of the home that you own, which increases as you pay off your home loan.

When you have raised enough equity, you have the option to access it. From renovating your property, to buying an investment to buying into the stock market – the world is your oyster, and your home equity is the pearl.

Read more
Loan Value Ratio
Vicky McLoughlin No Comments

Loan Value Ratio – the key ingredient to understanding your borrowing capacity

Loan Value Ratio (LVR), can sometimes be confusing to home buyers, especially new buyers as they enter the property market for the first time. It’s very important to have a clear understanding from the start of what LVR means and what it provides in respect to your borrowing capacity.

The Seek Financial team have put together information that will hopefully give you a clearer understanding about what LVR is, how it’s calculated and why it’s so important in your quest to buy property.

Read more