Property Investors

Professional packages are now available to borrower's based on loan size not on profession. Interest rate reductions are available starting from loans of $150,000 upwards. This can entitle you to benefits of reduced interest rates and savings on loan set up fees. Based on qualifying for a lower interest rate, you may also qualify for a higher loan amount. There are also fee waivers available on monthly, transaction acct and credit card fees. This can save you thousands in repayments each year for a small fee of around $300 per annum dependent on lender.

Cross Collaterization
Whether you have 1 or 15 investment properties, it can be beneficial to use different lenders. The reason for this is to reduce the cross collaterization of securities of your mortgages. Cross Collaterization can tie a lot of your properties together from a legal perspective. If you happen to run in arrears on one of your loans and start being charged a higher interest rate, whatever other loans are cross collaterized, will also get charged the higher rate. Using different lenders can reduce the possibility of this.

Maximise lending capability
Using different lenders can sometimes allow you to borrow more dependent on each lender's individual credit policy. Different lenders use a range of different qualification criteria and interest rates. We can provide you with analysis on each lenders borrowing capacity dependent on your income and liabilities.

Buying your first investment property
Buying an investment property can provide many benefits such as

• Rental income which can be a long term source of residual income
• Long term capital growth
• Tax advantages like negative gearing. Refer to your accountant for tax advice.

Infact buying your first investment property may not require as much of a cash outlay as you think. Dependent on how much equity you have in your own home, you might already have the deposit you need. A popular approach to buying your first investment property, is increasing or refinancing your current home loan to cover the 20% deposit plus loan and govt costs on the purchase. This way the loan on the investment property itself will only be at 80% of the purchase price waiving the requirement of the mortgage insurance.