Best Investment loans with Expert Mortgage Advisor
The Best Investment Loans in Frankston, Cranbourne,
Mornington, Berwick, and Beyond
Will Bell Mortgage Broker assists the residents of Frankston, Cranbourne, Mornington, Berwick, and beyond to receive the best outcome for their best investment loans. With access to a wide range of loans and with a passion for helping our clients get the best results, we have earned a reputation for providing an effective service that assists our clients in receiving the best rates on their loans investment.
For more inquiries, please don’t hesitate to get in contact with the friendly team at Will Bell Mortgage Broker.
What is an investment property?
An investment property in Australia is a property that is not your primary residence, purchased with the intention of generating rental income or capital gains. This type of property can include residential homes, apartments, commercial buildings, or vacant land.
Why should you get an Investment Loan?
An investment property loan is a type of mortgage used to finance the purchase of a property with the intention of generating rental income or profits. An investment loan allows you to invest with borrowed funds and provide additional capital to invest, which can lead to higher returns or larger investments, such as properties, which are a less risky investment than other forms of investment.
Different Types of Investment Loans:
- Residential investments
- Property Development
- Self-Managed Super Fund (SMSF) Loans
- Home Equity Loans
- Airbnb, vacation home, and other commercial investments
FAQ’s for Investment Loans
Four types of loans you can use for investment property are conventional bank loans, hard money loans, private money loans, and home equity loans. Investment property financing can take several forms, and there are specific criteria that borrowers need to be able to meet.
- Cash equivalent.
The approval criteria for investment loans is quite complicated especially if negative gearing benefits are required to prove that you can afford the loan. Investment loans are generally a higher risk than standard home loans and, as such, you need to be in a strong financial position to qualify.
Many financial institutions choose not to offer these loans, but investors can likely find a commercial bank that offers them. Terms such as minimum credit score, down payment, and cash reserves will depend on your lender.
You’ll typically need a 20% deposit to buy an investment property. This can come from your savings or equity from your existing home. Learn how to supercharge your savings and use equity to buy an investment property. If you don’t have a full 20% deposit, you can take out Lender’s Mortgage Insurance (LMI)
OUR PARTNER LENDERS
Contact us for Loans Investment
If you would like to find out more about our property investment loans service or would like to learn more about our other range of services, including refinancing, feel free to get in contact with the team at Will Bell Mortgage Broker. Give us a call on 0448 111 046 – we will be happy to assist you with your enquiries.