Before you purchase a new home there are a number of costs to consider to ensure you aren’t caught by surprise when working through your finances. These include:

• Your current property value: Do you really know how much your property is worth?
  Click here to get an estimate of your current property’s value
• Lenders Mortgage Insurance: Depending on the equity in your current home and the cost of your new home, you may need to pay LMI on the new loan
• Stamp Duty: Stamp duty fees are based on the property’s selling price and the amounts vary between states
• Agent’s fees: If you are listing your property through an agent, consider where the funds for the agent’s fees will come from
• Bank fees: As with any refinance, it is important to work with your Resolve Finance broker to ensure that you get the best loan for your situation and avoid unnecessary lender fees.
• Moving costs: Including storage if required, hire of movers or a rental truck, any items within the home that may need to be completed as soon as you move in.

It’s a good idea to work with your Resolve Finance broker to determine whether a home to home loan is the right option for you. The flexibility of this type of loan gives you multiple options in how you manage it, including different repayment options for a period of time, and your Resolve Finance broker will help you structure it to give you the most benefit and peace of mind, both personally and financially.

There are a number of reasons you may want to consider renovating your property, and the size of the project can vary greatly. Some things to consider when making your decision include:

• What is my reason for renovating?
• How much longer will I stay in this home after I renovate?
• Will the renovation give me added value (both financial and lifestyle)?
• How will my property compare with others after the renovation?

To get an indication of your current property’s value, plus potential renovation returns, click here.

There are many factors to assess in working out which loan is best for your renovation project. These can include:

• Then total cost of the renovation
• Your equity in the home
• The value of the finished product
• The total repayments when complete

Your Resolve Finance broker will work with you to discuss these factors, and establish which loan will best suit your needs.