A commercial property loan is a type of mortgage specifically designed for financing properties used for business purposes. Unlike residential mortgages, which are used to purchase or refinance a home you live in, commercial property loans apply to real estate that generates income or is used to operate a business.
This can generally include:
These loans are typically secured by the property being financed, and the lender evaluates the loan based on both the financial health of the borrower and the income potential of the property. In most cases, lenders will look at factors like:
When seeking a commercial property loan, it’s crucial to evaluate several key factors to secure the best option for your needs:
Choose Fox Home Loans as your mortgage broker for expert guidance and access to more lenders, increasing your approval chances. We simplify the process, negotiate fees, and save you money. Contact us today to secure the best commercial property loan deal.
Home loan pre-approval is a process by which a lender reviews your financial and credit history to determine how much money they would be willing to lend you for a home purchase. Pre-approval is not a guarantee that you will receive a loan, but it does provide an indication of how much you can borrow and the terms of the loan.
To obtain pre-approval, you typically need to provide the lender with information about your income, assets, and debts, as well as your credit score. The lender will use this information to assess your creditworthiness and calculate how much they are willing to lend you.
The pre-approval process typically takes a few days to a week, depending on the lender and the complexity of your financial situation. Once you receive pre-approval, you can start shopping for homes with the confidence of knowing how much you can afford to borrow.
Enquire for Pre ApprovalA first home buyer loan is a type of home loan specifically designed for individuals who are purchasing their first home. These loans typically have features that are intended to help first-time buyers enter the property market, such as lower deposit requirements, reduced or waived fees, and government incentives.
It’s important to do your research and compare the features and costs of different loans to find the one that best suits your individual needs and financial situation. Or leave it to the experts at Fox Home Loans. We’re here to help first home buyers navigate the complex road to owning their first home.
Enquire for your First Home LoanHome loan refinance is the process of replacing an existing home loan with a new loan from a different lender or with a different loan product from the same lender. The primary purpose of refinancing a home loan is usually to obtain a better interest rate or to access different loan features or benefits.
When you refinance a home loan, you essentially pay off the existing loan with a new loan, and the terms and conditions of the new loan may differ from those of the old loan. For example, you may be able to obtain a lower interest rate, switch from a variable rate to a fixed rate or vice versa, or access features such as offset accounts or redraw facilities.
Refinance your Home LoanBefore you start the process of switching home loans, it’s important to consider why you want to make the switch. Do you want to lower your interest rate, access different loan features, or consolidate debt? Understanding your reasons for switching can help you choose the right loan product and lender.
It’s important to note that switching home loans can be a complex process, and it may be helpful to seek advice from a mortgage broker like Fox Home Loans to ensure that you are making the right decision for your individual circumstances.
Switch Home LoansAn investment property loan is a type of home loan designed specifically for individuals who are looking to purchase a property for investment purposes rather than to live in themselves. These loans are typically used to purchase a property that will be rented out, with the rental income used to help repay the loan.
It’s important to carefully consider the costs and risks associated with investing in property and to do your research to find the right investment property loan for your needs. A financial advisor or mortgage broker may be able to provide guidance and advice to help you make informed decisions about your investment strategy.
Enquire for an Investment Property LoanA renovation home loan, also known as a home renovation loan or a home improvement loan, is a type of home loan that is specifically designed for borrowers who want to renovate or improve their existing home. These loans can provide funding to cover the cost of renovations or improvements, which can be a more affordable way to upgrade a home than selling and buying a new property.
If you are considering a renovation home loan, it’s important to have a clear understanding of your renovation plans and budget, and to work with a reputable lender or mortgage broker who can help you find the right loan product for your needs.
Enquire for a Renovation Loan
Work out how much you can borrow based on your income and expenses
Calculate Now
Discover how much you can save by refinancing or switching home loans
Calculate Now
Work out how much it could cost you to purchase a property
Calculate Now
Enter some basic details in our simple online form.
Discuss your commercial loan preferences and application information.
Your Lending Specialist will discuss all details of your commercial property pre-approval.
With our technology, you can simply sign your loan documents electronically.
Once settlement occurs, you'll be able to move forward with your commercial venture.
Enter some basic details in our simple online form.
Discuss your commercial loan preferences and application information.
Your Lending Specialist will discuss all details of your commercial property pre-approval.
With our technology, you can simply sign your loan documents electronically.
Once settlement occurs, you'll be able to move forward with your commercial venture.
Enter some basic details in our simple online form.
Discuss your commercial loan preferences and application information.
Your Lending Specialist will discuss all details of your commercial property pre-approval.
With our technology, you can simply sign your loan documents electronically.
Once settlement occurs, you'll be able to move forward with your commercial venture.
as a Financial Services Group helping customers Australia wide
of processed applications for everyday Australians and SME businesses
customers provided with genuine, efficient service
Rated 5 out of 5 by our customers on Google
The terms and interest rates can vary depending on external factors.
It is important to understand that loan products vary on a clients individual profile, and these responses are to be used as a guide only.
For a standard commercial property, you can borrow up to 75% of the land and construction costs or Land to Development Cost Ratio (LDCR) or 65% of the on-completion value. In some instances, you can borrow up to 100% with a guarantor.
Banks don’t usually accept foreign property as security.
Yes, there are many tax benefits such as addbacks. here are some examples below:
Yes, you can. You can take advantage of the competitive market by shopping around for the lowest rates, fees, and charges.
