After the birth of their first child, Naomi and her partner need a home that is suitable for a growing family. They love the area they live in and decide that renovating is the best solution.
In this series of three videos, Naomi finds out about the legal steps she needs to cover before she starts renovating, whether refinancing her home loan is the right option, and using the equity she has in her home to renovate.
- These videos have been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on the information in these videos, consider the appropriateness of the information, having regard to the individual’s objectives, financial situation and needs and, if necessary, seek appropriate professional advice.
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Episode 1: Renovating your home
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With a growing family, Naomi has been considering her options for a bigger home to meet her changing needs. By renovating, her family can stay in the area they love but first Naomi gets some expert advice before she makes her decision. |
Episode 2: Refinancing your home
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Refinancing your home can be a great way to get extra cash to fund a renovation. Naomi talks to a number of experts to find out if refinancing is the best option for her family before undertaking the renovation. |
Episode 3: Building and using your equity
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Naomi finds out how she can use the equity in her home to draw money out of her home loan to meet any immediate financial needs she may have, or even to invest in shares or buy an investment property. |
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