Home equity represents the difference between your mortgage balance and your home’s market value. It reflects the portion of the property that you truly own. As you continue to make mortgage payments and the property’s value appreciates, your home equity typically grows. Essentially, home equity is calculated as the current market value of your home minus any outstanding debts, such as mortgages. It serves as a valuable asset that can

When buying a property in NSW, you’ll need to pay stamp duty to secure your dream home. Stamp duty is a one-time fee collected by the government to facilitate the property purchase. It’s crucial to factor this cost into your budget. Typically, stamp duty ranges from 4% to 5% of the property’s value, so as the property’s price increases, so does the stamp duty cost. In the state of New