Advantage - 2 Year Fixed (Special)

Investment loans can be a little different than owner occupier loans, but that’s because they can come with a little higher risk for banks or lenders. That can result in a slightly higher interest rate for comparable loans. However, the differences aren’t that large, and a lot of the features of an owner occupier mortgage will be the same as an investment loan. There are many benefits to investing in property, especially in the current market. Buying an investment property can be quite lucrative over both the short and long term. If you have chosen well, you will immediately start to receive an income, in the form of rent.

As has been the case in Australia for a long time now, not only will you receive income, but your investment property can also increase in value. There aren’t too many investments where you receive both immediate income and long-term value growth. Property can also be less volatile than the share market. It is unlikely most of the value of an investment property will ever be lost overnight, as can sometimes be the case with shares. And, of course, property is an investment you can see and touch, which is important to a lot of people. Finally, whether you lose or make money on your investment property, you can still come out on top. If your income is strong, you can start making money immediately and increase your cash flow. If ongoing costs or a slow market mean you lose money on your investment in the short term, you can claim tax benefits through negative gearing.

Having access to as many resources as possible when you are looking to buy a property is important. At Mortgage House, we have a number of resources that can help answer any questions you have about property investment or ownership, and our expert lenders are on hand to offer help when you need it. We also have a range of mortgage calculators that can come in very handy before, during and even after your property search. We have calculators that can give you an idea of how much you might be able to borrow, and what your repayments will be for different sized loans and different interest rate levels. Our calculators can also help you with stamp duty calculations, and help to work out how much money you can save if you switch mortgages. We also have a mortgage calculator to help you budget, and one that can find the best interest rates among all our Mortgage House loans. We listen to our customers and give them access to resources they tell us they want. Some banks and lenders only give their customers access to the resources they think they need.

As we mentioned above, one of the key benefits of a fixed rate loan is that you will know exactly what your repayments will be over the agreed period. Another of the key benefits of this loan is that you can make additional repayments, if you want to, without being penalised. That can help save you money, by helping you pay off your loan sooner. Paying off your loan sooner means you will pay less interest. Another key feature of this loan is that you can access, or drawdown, those extra repayments if you wish, for whatever purpose you wish. Redraw allows you to withdraw the extra repayment or lump sums, provided your minimum repayments are up to date.

This home loan can be used to release equity in your home. Equity is the amount you have built up over time by paying off your current mortgage. Equity is the difference between what your home is valued at on today’s market, and how much you still owe on your mortgage. For example, if your home is worth $400,000 and you have paid off $200,000, the equity amount is $200,000. Bear in mind though, that most banks and lenders will let you borrow up to 80%of the value of your property, so you may not be able to borrow the full $200,000. You could use the equity for minor renovations, or even to purchase an investment property.