Refinancing your loans is more popular than you may think
A report the other day stated that on average home owners refinanced their loans every 3 years. I don’t know about you, but I was a bit surprised as that. I would have thought more like 5-7 years.
If home owners are doing that then what are property investors doing with their loans? There have definitely been changes in interest rates, that we are all sure of, but is it time to get in and fix your mortgage rates.
If you are considering purchasing another investment property, then at that time might the time to refinance your whole property investment portfolio.
Consider using Money Partners if you are going to refinance. If you can find yourself an established private money lender who does not need their capital for 10 years or more you could be better off to have that stability in the finance area of your property management.
There has been some hype about property price increases and in fact only today I received an email saying that property prices in Melbourne in December 2009 (figures put out by REIA) increased by $663.74 per week!
This sort of increase must surely give some thought to checking out property prices and cashing in on any property increases that there have been and in some areas that seems to have been plenty.
Filed Under: Investment Strategies
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