Case Study - Valuation

Case Study - Valuation

How important is the value of your property?

We recently helped a client with a valuation on his property as he was looking at using the equity in his property to buy an investment property.

His current bank valued his property at $640,000; unfortunately this valuation would have resulted in him paying $10,000 in Lenders Mortgage Insurance, if he was the buy the investment property he was interested in.

So we approached banks 1, 2 and 3 and they valued the property as follows;
Bank 1 - $710,000
Bank 2 - $720,000
Bank 3 - $750,000 – saving the client $10,000 in Lenders Mortgage Insurance. All three lenders offered a better interest rate than the current lender.

It is a good idea to always get a second opinion, the valuations are covered by the broker and ensures the client getsaccess to the better loans in the market.

We service Kawana, Buderim, Maroochydore and all other surrounding Sunshine Coast Suburbs.