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Home Loans Sunshine Coast

Our home loan brokers in Sunshine Coast clear the way for a simple and informed decision on the best home loan for you. Our quick and easy step by step approach we take the hassle out of the lending process. For More : https://scfsolutions.com.au/home-loan-sunshine-coast/

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Home Loans Sunshine Coast

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  1. How to Finance a Home Renovation www.scfsolutions.com.au

  2. Whether you intend to modernise an old kitchen or enhance your outdoor space by adding a deck, your first step when planning a renovation will be figuring out the cost, work and time involved in the project. So here are a few tips to help you get off to a good start. Australia’s home improvement market is worth a whopping $43 billion per year with more homeowners than ever wanting to renovate their homes. Whether it’s to make home life more comfortable, increase your home’s equity or turn a profit, taking out a loan to finance a renovation is a popular option we see people accessing. The government’s HomeBuilder scheme can also provide a grant of $25,000 to eligible renovators if the renovation is worth between $150,000 and $75000, but contracts must be signed and building started before the end of 2020. When it comes to financing, there are multiple options available:

  3. USE YOUR OWN SAVINGS • You may choose to use the savings you have to improve your home. This might be with the cash you’ve saved up or money that has built up in your offset or redraw facility of your current loan that you can access without incurring debt. • Just remember that taking money from your offset will increase the amount of interest you’re charged and may increase the time of your loan from what you would have saved by it being in there in the first place. • Using your own savings allows you to enjoy the renovation more without worrying about paying any extra loans back. But we understand having this amount of savings on hand can be hard to come by, so there are plenty more options.

  4. USE YOUR OWN SAVINGS • A personal loan might suit a smaller sized renovation. Personal loans often have lower interest rates than credit cards, so consider this as an option before maxing out your credit cards. • The benefit of a personal loan is that you won’t have to use your home as collateral, but this wouldn’t be beneficial for large scale projects.

  5. Website Contact Us WWW. SCFSOLUTIONS.COM For More: www.scfsolutions.com.au Instagram Facebook Sunshine Coast Financial Solutions https://instagram.com/scfsolutions https://www.facebook.com/SCFSolutions

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