Property investment is a very popular wealth building tool for many Australians. However, making a profit on your property investment is not as easy as it sounds and it is very important that you formulate a good strategy and take the right approach from the outset. Sorted Mortgages will help and be with you on this exciting wealth building journey.
Getting the right property investment loan
You may have read that banks and lending institutions are tightening their lending criteria for property investment loans. However, as with all mortgages, your eligibility depends on your personal financial situation and most lenders are more than willing to offer investment loans to suitably qualified applicants.
Your Sorted Mortgages broker can access many property investment loans from a wide variety of lenders. We can shop around to help you find the best deal that aligns with your investment strategy.
It is likely that you will require a 20% deposit to obtain a property investment loan. Many property investors access the equity in their home or an existing property investment to obtain their deposit. For more information about accessing equity in your existing property, talk to us about refinancing.