Property Investment Loans
Investment properties have become a very popular choice of income and wealth generation. Your tenants regularly contribute to your mortgage repayments while you continue to make repayments with your own income. It is important to get right Property Investment Loan to ensure you maximise your returns on your property investment.
If you are an old hand at the property investment game with your own market knowledge and portfolio, or you are a first timer to buying an investment property, Loanseeker Mortgage Solutions has a investment property loan to suit your needs.
Buying an investment property can be more challenging than buying the home that you live in. You need to consider factors such as property values in the area the property is located in, and the fluctuations of the housing market.
We can help you with this process. Our mortgage brokers can run you through a range of different options for property investment loans. Give us a call on 03 93984862
What Are My Options?
Loanseeker can tailor a investment property loan to your individual investment needs.
The first thing you need to establish is how much capital you can borrow, so you can look for a property that is affordable for you. This can also help you figure out your potential income from rent.
Lenders usually require a five to ten percent deposit for an investment property loan. On top of this, you need to consider the other costs such as stamp duty; loan application fees, conveyancing and lenders mortgage insurance.
You have a great deal of control over this process though! You can decide to renovate and repair the property to raise its value (and the rent you will be able to charge), you can set the rate of rent, decide to rent it privately or through a real estate agent. You really decide the fate of your investment through this level of control. Make wise choices and you will have a nice nest egg to look forward to!
Equity Loan Applications
You can also use the equity of your current property to apply for an investment loan. However, there is a risk involved in case something goes wrong as your current dwelling will be considered collateral.
Let us help you take the stress and hassle out of applying for an investment loan. Our Melbourne-based professional mortgage brokers will be with you throughout the entire process, call now or please click here.
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