Did you know that certain banks allow you to purchase a commercial property and only charge you interest at home loan rates?

Whether you are planning to purchase a commercial property or expanding your current business, you can obtain finance at a home loan rate. This only works if you provide your residential property as security.

From a bank perspective your risk profile is enhanced which lowers your interest rate and set up fees. On a $600,000 loan this can provide savings of up to $10,000 in Year 1 and $6,000 each year thereafter.

Knowing which banks offer this competitive advantage and how your application is submitted to the respective bank is the key to sourcing these savings.