Australia Free Web Directory

My Better Finance | Businesses



Click/Tap
to load big map

My Better Finance



Reviews

Add review



Tags

Click/Tap
to load big map

16.01.2022 How Is Equity Release Tax Free? When you release equity from your property, you are taking a loan against it so we recommend you spend the funds wisely. This loan is usually low-interest and easy to pay because lenders consider property a very stable asset. Since the funds are a loan and not income, they are not subject to tax.



07.01.2022 How Does Equity Release Work? Over time, your property increases in value. You can withdraw some of this value as a cash loan against your property (often at a low interest rate). Lenders usually let you borrow up to 80% of the value of your property (without special insurance).

06.01.2022 Is Equity Release Safe? There are 3 main considerations: 1. Releasing equity from your property is not affected by your house price if it falls at a later stage. If your property continues to increase in value, you may choose to release more equity, if it drops in value, you do not need to pay the lender back immediately like is often the case with stocks and shares (unless there are other circumstaces at play).... 2. The industry is regulated. The Australian government has passed legislation ensuring lenders cannot give you more funds than you can sustain. 3. You can insure against risk. Your financial planner can assist you with the appropriate insurances to cover you in the unlikely event things go south.

Related searches