Friday, February 11, 2011

When Refinancing Your Loan Goes Bad

Refinancing Your Loan Isn't Always Easy

When the property market is tracking sideways or not heading upwards much, getting a valuation for refinancing
has its difficulties. Your really just trying to convince the bank against sometimes common logic that your property has increased in value while it may not have. The easiest method and what a lot of people do is to add value to the property by renovations. This adds perceived value to the buyer and hopefully the valuer.

Don't worry about your low value though- time heals all

To get your next valuation done, contact your local Brisbane Mortgage Broker

When it does go bad though the only cure is time! Waiting for the property value to naturally increase with the market conditions.

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