Q: I own my own home outright worth around $400,000
I also have an investment property worth around 300,00 on which I owe $232,000 and paying 5.6%
I want to refinance to get a better rate but not getting any joy with lenders.
I earn $35,000 p/a and have a rental income of $150.00 p/w
Where should I be looking?
Q: I am a widow.
I own my own home outright - if I sold today, I would get around $380,000.
I also have an investment property, with a split loan of $37,000 with repayments of $111.00 p/m and
$196,000 with repayments of $750.00 p/m
I work PPT and earn $32,000 p/a
My investment property is currently empty while it is on the market to sell (this was our family home prior to my husbands death).
I would like to free up a bit of equity in my home - what are my options please?