Property Investment Loans
Investment Property Loans in Frankston,Mornington,Cranbourne and Berwick
Property investment loans don’t differ too greatly from regular home loans. At Will Bell Mortgage Broker, we will help you secure the best property investment loan, one that is most suitable for you and your situation. We provide Property Investment Loans broking and other investment loans broking for people from Frankston, Mornington, Cranbourne, Berwick, and surrounding areas.
To find out more about our service, feel free to get in contact with the friendly team at Will Bell Mortgage Broker.
Which Investment Loans Can We Assist You With?
Will Bell Mortgage Broker assists our valued clients with the following Best Investment Property Loans:
Variable Interest Rate: The rate that will be paid fluctuates typically aligned with changes to the official cash rate. This category of loan typically has a range of flexible elements such as redraw. However, investors can typically claim this loan as a tax deduction, which reduces the incentive to pay off the loan sooner rather than later. Therefore, this type of loan might not appeal to you as an investor as it might to a pre-existing owner occupier.
Fixed Rate: This is usually the most effective form of rate for investors as it provides certainty of repayments. This is often useful as the rent payments on a property are fixed during the term of the lease. Regardless of market interest rates rises, you as a landlord may still not be able to raise the rent rates until the tenant’s lease has expired. Therefore, by choosing a fixed interest rate you will have more certainty regarding the repayment of the property and the management of your money.
Split Rate: Just as homeowners can choose to split their payment between variable and fixed rate components, an investor can do the same.
Services We Provide
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Contact us for Investment Property Loans
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 at 0448 111 046 – we will be happy to assist you with your inquiries.
FAQ'S On Investment Property Loans
Investment properties require a much higher financial stability level than primary homes, especially if you plan to rent the home to tenants. Most mortgage lenders require borrowers to have at least a 15% down payment for investment properties, which is usually not required when you buy your first home.
Given the demand for housing, an investment property can provide a steady stream of passive income, especially if the rental income is more than the monthly repayments and maintenance costs combined. You can also use your rental income to pay off the mortgage and other expenses of the rental property
With a variable rate loan, the interest rate you pay will change periodically based on overall market conditions. How often this resets varies depending on the lender, so be sure to note how often your rate will change. Your lender may also offer a low introductory rate for a short time. Boosting your credit score to 700 or higher and making a down payment over 20% will give you the best chance of a low investment property rate.
An investment property is a residence purchased to earn rental income or flip and sell for a profit. Unlike second homes, an investment property can be more than one unit: two- to four-unit investment properties allow you to earn income from multiple tenants. An investment property may also be a commercial property.
- Buy your own home. You might not normally think of your first residence as an investment, but many people do.
- Purchase a rental property and become a landlord.
- Consider flipping houses.
- Buy a REIT.
- Use an online real estate platform.