Take advantage of historically low interest rates in order to grow your real estate portfolio and increase your wealth.
Property Investment is a wealth grower with many facets and has been long considered a staple of the Aussie retirement plan. Are you looking to purchase your first investment property? Or are you a seasoned investment veteran? Whatever your situation, taking advantage of the most current loan products and services available will help you to grow your portfolio and increase your wealth.
There are now many differences between investment loans & owner occupier home loans. It’s more common to find investment loans priced with a higher interest rate and the loan to value ratios are generally lower.
Additionally, each bank or lender looks at rental income differently. Therefore your borrowing capacity from one bank to another can vary.
On top of this, some lenders have made restrictions to the numbers of interest only loans they provide, further complicating the process. If you are unsure where to start, or you are ready to take the next step towards financing your investment property, please book in a time to have a chat with us today.
Here are a few things that can help make your investment loan process stress-free:
Lenders like to see that you are making all your existing payments on time, such as existing loan repayments, utility bills, credit card bills, etc.
Be as ready as you can be by filing all your electronic or hard copy bills and requesting copies of bank statements and payslips. Having your documentation all together will speed up your application process.