Investment Loan

Frequently Asked Questions

Why should I use a Mortgage Broker?

A mortgage broker helps by offering access to various lenders, personalised guidance, and expertise in navigating the complexities of home loans. They save you time by handling research and paperwork, provide tailored advice based on your financial situation, and often negotiate better terms with lenders. Their support extends beyond securing the loan, assisting with refinancing and ongoing advice, making the process smoother and more convenient for you.

What is an investment home loan?

An investment home loan is specifically designed for purchasing an investment property rather than a primary residence. It allows individuals to borrow money to invest in residential property with the intention of generating rental income and potential capital gains.

How do investment home loans differ from standard home loans?

Investment home loans may have different interest rates, terms, and borrowing criteria compared to standard home loans. Lenders often view investment properties as riskier, so interest rates might be slightly higher. Additionally, certain tax benefits and deductions can apply to investment loans but not to standard home loans.

What are the eligibility criteria for an investment home loan?

Eligibility factors for investment home loans include a stable income, a good credit history, a sufficient deposit or equity, and the property's potential rental income. Lenders may also consider the borrower's existing debt and other financial obligations when assessing eligibility.

Are there specific considerations for investment property financing?

Yes, investing in property comes with unique considerations. Factors such as rental income potential, property management costs, tax implications, and potential capital growth should be evaluated when seeking financing for an investment property. It's essential to have a clear investment strategy and consider professional advice before proceeding.

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Disclaimer

ACN 660 600 251. Authorised Credit Representative number 503408. Australian Credit License number 384704. Part of the Finance Brokers Association of Australia Limited (FBAA) and licensed to give you credit advice. The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.

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