If you are a property investor, our team can help you find a competitive investment loan.
If you are a property investor, finding a competitive investment loan is an important part of maximising returns from your investment.
As an investor, you have the option to choose between a variable rate and a fixed rate home loan.
However, Investment loans are different to how standard home loans work because they have stricter eligibility requirements. Investment loans often require a higher loan-to-valuation ratio (LVR), meaning investors need to raise a larger deposit before applying for a loan. They also have a slightly higher interest rate on average than residential home loans do.
At Collective Financial Solutions, we have access to over 50 lenders, including major banks and non-bank lenders.
If you are an investor looking to secure finance for a property, contact our team today to discuss your options.
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, phone bills, utility bills, credit card bills, etc.
Be as ready as you can be by filing all your electronic or hard copy bills. Having your documentation all together will speed up your application process.
Do you have existing equity? For many, using existing equity as a deposit for their investment property is a popular option for first time investors.
Expenses that you make for your investment property can be claimed as tax deductions to reduce your taxable rental income while you’re renting it out, and your capital gains tax if you sell the property.
The tax deductions you can claim for an investment property include: