Home equity represents the difference between your property’s market value and the balance remaining on your mortgage. Discover how accessing your home equity can open a world of financial opportunities.What is home equity?As a homeowner, you build equity in your property over time by paying down your mortgage and benefiting from any increase in property value.How much equity do I have in my home?To determine your home equity, subtract the amount you owe on your mortgage from your property..

When buying a new home, the property settlement process is like crossing the finish line in a marathon. This crucial step is when you legally take ownership of the property, but it involves more than just paying the purchase price and receiving the keys.Settlement is a comprehensive procedure that includes several important tasks before you can start moving in.These steps might include:Conducting a final inspectionReviewing and signing transfer documentsRegistering the ownership transfer with...

In today’s competitive property market, buying a home can feel like an impossible dream for many young Australians. Rising property prices and stricter lending conditions are making it harder for first-time buyers to break into the market. If you're a parent looking for ways to support your children on their journey to homeownership, this guide will walk you through various options—both financial and non-financial—to make the process easier.Book a call with us today to discuss personalis...

At FinancePath, we know that settlement day is an exciting milestone — it’s the moment you officially become the owner of your new home. But while it’s thrilling, settlement day can also come with its share of last-minute surprises. With proper planning and the right support, you can minimise potential issues and ensure a smooth handover. Here’s your guide to avoiding common settlement day pitfalls and making your big day a success.Common settlement day surprises to watch forSettlemen...

At FinancePath, we understand the challenges homeowners are facing with rising costs of living and mortgage repayment pressures. However, amidst these financial stresses, there’s some positive news for property owners. National property prices have continued to see growth, providing homeowners with potential opportunities.National property prices continue to riseIn October 2024, data from CoreLogic revealed that national property values increased by 0.3%, marking the 21st consecutive month ...