Planning ahead
Property ObserverDecember 7, 2020
Investors who know that refinancing may be an opportunity down the track, should consider this before entering into a loan arrangement. Have a good look at the closing costs, understand your obligations and the purpose of the property in the first place, and ensure you’re making the choice for future gain rather than for a quick fix solution.
Ensure you know how long it will take you to recoup any of the costs associated with refinancing so you can factor this into the equation. If you’re planning to, or may be likely to need to sell the property soon then refinancing may not be the answer.
This article is from Property Observer's free ebook Mastering the Art of Refinancing: 12 tips for success and key things to consider.