Remember that property with the photos a couple of posts ago? Its valuation came in lower than the purchase price, which is unusual for the type of properties that we buy. That meant that we were obliged to find much more cash for the purchase. Fortunately for us, our finance approval had not yet been formally [...]
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We received an unexpected bonus in our recent refinance process. We are refinancing away from provider #1 (no names, no pack drill) to provider #2, who is providing us with a “Time Out” loan, also known as a “shared equity” loan, which allows us to repay the loan at a reduced rate. It works like this: [...] Finance has now been approved, the painters are nearly finished, & only the external landscaping to go. Thanks to Regina (aka Reg) at Prime Real Estate, our friendly & very helpful agent in Townsville, we have photos.
This is a 4-bedroom house in a brand new [...] |
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