All Topics / General Property / PPOR valuation before using equity loan

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  • Profile photo of mddedfmddedf
    Participant
    @mddedf
    Join Date: 2015
    Post Count: 43
    October 12, 2015 - 8:45 pm

    I am just wondering if it is helpful to do a property valuation first before we access the equity of our PPOR.

    We think have enough equity to buy our IP this time. In this case, should we value our ppor before we buy another IP?

    Sorry if my question doesn’t make sense. We basically don’t know how and when to value our PPOR to access maximum amount equity in terms of building up profolio.

    Thanks in advance for your time!

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    October 12, 2015 - 10:09 pm

    Yes – always get an upfront valuation done so you know exactly how much equity can be released before proceeding. Most lenders provide them for free. Some will simply go off a desktop assessment.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of mddedfmddedf
    Participant
    @mddedf
    Join Date: 2015
    Post Count: 43
    October 12, 2015 - 10:28 pm

    Thanks very much for your information, Jamie.

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