Investment Loans
Now that many banks have raised their bar on strain tests, investment loan borrowers are required to demonstrate that they can seamlessly set aside a certain amount each month to manage their mortgages.
If the road to real estate riches wasn’t rough and rutted, everyone would be a house-flipper or a millionaire landlord.
Like any other type of loan, lenders would want you to present a clear picture of your finances - savings, income, credit history debts, liabilities and equity you might have from your first or subsequent properties.
Mortgage lenders usually take into consideration potential property appreciation, maintenance costs, vacancy rates for the property and location, the rent you may earn from it and other factors.
"We take the time and hassle out of shopping around for the right home loan, provide expert advice and take care of the entire process, from start to finish."
Kaushalya Gunasekera Mortgagepremiers CEO
As requirements can be a tad bit stricter, lenders and banks can use these details to determine the loan size and your current capabilities to pay back the loan within said years. So, before you put out feelers, discuss if you qualify and how Mortgage Premiers can sort it out for you. We commit to :
Self-employed entrepreneurs
Clients who are new to Australia
Clients with bruised credit history
Clients thinking about refinancing
Quick responses on rush-deals
