Investment Property Loans
Why should I choose Right Step Finance for investment loans?
Right Step Finance specialise in assisting investors. Having worked with many investors, we are able to cross pollinate best practices of investors and share that with our customers to ensure they get the best set up and maximise tax deductibility. We also set clients up for success to continue to build their portfolio in the future.
It is important to keep in mind that the terms of approval for investment loans is relatively complicated compared to other loans. This is the case because investment loans are considered higher risk, relative to regular home loans. As a result, you need to be in a pretty strong financial position in order to qualify
Investment Loan Borrowing Capacity
Are you looking for ways to increase your borrowing power? There are certain things you might be able to do to ensure that you can borrow more as part of your investment and equity loan.
- Reducing the limits on your credit card(s)
- Applying for the loan with your partner/spouse so that both of your incomes can be considered
- Targeting lenders that have favorable criteria for clients applying for investor loans
- Fixing your interest rate for a period of time (three to five years)
Banks differ in the terms that they use to evaluate investment loan applications. Depending on the criteria required, your situation may differ, leading your borrowing capacity to increase or decrease. If you are interested in finding out a way to increase your borrowing capacity relative to your situation, feel free to contact Right Step Finance for advice.