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| Property Cash Out Equity Term Loans
A cash out equity term loan allows you to cash out on your property if the value of your property has risen in value over the past periods. Let’s use an example for illustration. You currently have an outstanding mortgage loan of about $300,000. The property valuation of your house has risen over the recent years and is now worth about $1,000,000. In your view, you think that the stock market will go up in the next couple of months and you decide to raise a capital of $200,000 to invest in the stock market. One possible solution is to do a cash out equity term loan on your property to cash out the excess capital asset of your property. The terms and tenure of your equity loan is typically similar to the primary mortgage loan. A cash out equity term loan is applicable only for private residential properties, commercial properties, industrial properties and overseas properties for Australia and London,UK. For more info on the various ranking charge on your property term loan, visit: http://www.mortgagesupermart.com.sg/resources/articles/147-equity-term-loans-101 |