Loan Market

8 When you’re considering purchasing a new property most people automatically prepare to sell their current home to purchase their new one. However, it may be worth exploring the idea of keeping your current home as an investment instead. Let’s take a look at why this is something you should consider. If you were to sell your house, you will be able to use the proceeds from the sale to help purchase your next property, so your repayments are likely to be reduced as will your mortgage term. However, if you were to take out a new loan to purchase a home or use the equity in your current loan to purchase a second property, your overall loan value will increase, as will your repayments. This might not sound like the most cost effective option, but actually you could end up making a profit in the long term. Hold up! Have you considered keeping your current home as an investment property?