How To Conduct a Mortgage Health Check on Your Property Portfolio
If you own any property, either your own home or an investment (or both), it is a good idea to conduct regular mortgage health checks on your portfolio. This allows you to determine whether it is worth re-financing - either to access equity, or to save money and improve cashflow by getting a better interest rate on your loan. Take the following steps: Conduct property market research - to determine the estimated value of each property in your portfolio. Subtract the current value from the total outstanding loan amount to determine the current equity you have in the property. ...