Investment Loans
The range of investment loans and loan features available to suit both new and experienced investors is now quite extraordinary, ranging from simple home loans to more complex loans that are allow you to manage tax, gearing and repayments.
Which investment finance method you choose will depend on a number of factors, including whether or not you are carrying existing personal debt in the form of an owner-occupier mortgage or personal loans and other debt. Generally speaking, it is better to pay of personal debt first, minimising investment debt as much as possible during this period.
tailored investment finance package
For an investment finance package tailored to your personal investment position and strategy, fill in the form below to talk to an experienced investment finance mortgage broker, or call us on 13 LOAN (direct +61 2 9249 3739) and we will return your call within 2 business hours.
Always seek advice from your accountant on investment and taxation rules for your particular situation prior to making a decision on investment methods. This is particularly important when you are considering investment relating to your superannuation.
Residential Investment Loans
Borrowing options available to investors are now very similar to loans for owner-occupier purchases and include: principal and interest variable rate home loans; interest only variable rate home loans; line of credit loans; principal and interest fixed rate home loans; interest in advance; interest only fixed rate home loans.
No LMI to 85%
Depending on the lender, you may be able to borrow up to 85 per cent of the value of the property without requiring payment of lender’s mortgage insurance, which is usually required for any loan over 80 per cent. This may save you thousands of dollars that can be used to top-up your loan repayments.
Other Loan Types - Personal Loans and Fully Drawn Advances
If the other types of loans mentioned don’t suit you, there are a few alternatives that are not often known or advertised.
If you don’t want to use your residential property as security, don’t have residential security available or aren’t comfortable with margin lending, you may be able to finance your investment through a personal loan. This can be a great way to start a share portfolio in particular.
Many lenders also offer a facility known as a Fully Drawn Advance. This is a type of loan that may be offered on an interest only or principle and interest basis, which is generally used for business or investment purchases, and may be either unsecured or secured.
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the right finance option for you will depend on your financial position and goals.Talk to a mortgage broker for more information that's in your best interest. |
For more information on investment loans
Talk to your local mortgage broker, or call us at any time on 13LOAN or direct on +61 2 9249 3739.
