Looking to invest in property?
For decades, property investment has been a favourite of Australians looking to build their wealth.
Purchasing an investment property, when done right, can increase your financial wealth and even set you up for a comfortable retirement.
At Finsure Loans, we understand the needs of property investors are different to owner-occupiers and we help you to find the ideal finance solution to purchase your investment.
In contrast to an owner-occupier loan, investment property loans carry a higher interest rate and a lower loan-to-value ratio (LVR) limit. People wanting to purchase their own home usually need to borrow up to 95% of the property’s value, while an investment property loan is mostly limited to 90% of the property’s value.
The deposit for an investment property loan can be made with cash savings, or equity in an existing property including your own home. In some cases where equity in another property is used, a borrower may borrow 100% of the investment property purchase price plus any associated costs, such as stamp duty.
When you start on the road to building a property portfolio, Finsure Loans can help you secure an investment loan with a highly competitive variable or fixed interest rate. A lower interest rate means lower repayments, which makes your investment property less expensive.
We can help minimise the fees you have to pay for your loan and provide you with a mortgage with features such as an offset account to help you build up savings while reducing your interest charges.
Investors can choose fixed or variable repayments. Variable rate loans are easier to pay off faster or refinance without an exit fee, and are currently lower than fixed rate loans. But a fixed rate loan lets you lock in an interest rate and forget about rates rising. There’s also the option of splitting your loan into fixed and variable rate portions.
Contact Finsure Loans if you are ready to become a property investor.