If you goal is to just have one property and you don’t plan to get a second property, or take funds from your property to renovate etc then a standard loan may suit you. However your first loan should take into account your financial needs in the next 5 years and allow for you to have the flexibility to do what you need to do. Getting a basic loan with no leniency for changes can end up costing you thousands.
Click here to check out the article I wrote for Smart Property Investor should make sure that you are prepared for all those hidden costs.
Sometimes it just gets confusing on what to do when. At Investors Choice Mortgages we try to take the pain out of your experience and keep you up to date on what is coming up. Watch this quick video to see what you need to know and what to expect. After all, we don’t want you to get to settlement and find out you need insurance that you don’t have.
After you have bought your property, many investors forget that there are so many other costs that are ongoing. You need to know what these costs are and you need to plan for them. This video covers the costs you might expect.