Investment loans represent an excellent avenue for building long-term wealth and creating passive income streams.
These loans enable you to leverage existing capital such as savings, or equity held in your home/other property, by borrowing additional funds to purchase investment property.
We have many options in terms of lenders, products & rates for investment purchases – we highly recommend that you speak with us to determine your maximum potential & borrowing capacity if you are thinking about becoming an investor.
Most lenders will consider a lend of up to 90% on an investment, meaning 10% of the purchase price + costs, is the minimum deposit/equity requirement.
Wide Bay Home Loans streamlines the application process, alleviating stress and simplifying everything for you.
Navigating the complexities of investment properties demands careful consideration of numerous factors, from location and property type, to your financial goals & objectives. We recommend having both an accountant & a financial advisor on your side to ensure the best taxation advice & long term investment strategies.
As mortgage brokers we are unable to give specif advice, however we can find you the best suited options loan wise for your needs.
Equally vital is an understanding of the array of expenses associated with investment property purchases which include stamp duty, Government Registration fees on Transfers & Mortgages, Legal fees, Rates & Lax Tax, and associated costs. WBHL will always run through these costs with you and include them in them in any calcuation or estimated to purchase a new investment.
As per our detailed ‘Home Loan’ infromation – there are a myriad of options avaiable for investment loans, be that variable OR fixed rate, princiapal & interest OR interest only (the latter is normally utilised for negative gearing purposes OR if your goal is to focus of paying down your primary residence), a basic option with redraw OR packaged option with offset.
Our team at Wide Bay Home Loans is will educate you on the nuances of each loan type, ensuring the most suitable option that best fits your goals & objectives.