An investment home loan is a type of mortgage loan that investors use to purchase investment properties. These loans are basically the same as owner-occupied loans, but usually have higher interest rates.
The reason investors have higher interest rates is because they’re generally viewed as high-risk borrowers.
Every borrower can benefit from finding a loan with a lower interest rate, but investors have different priorities than people seeking traditional home loans.
When an investor pays interest fees, they are tax deductible. Traditional home buyers do not benefit in any way from paying higher interest fees.
Our mortgage brokers specialising in investment property loans can help you find the best loan options available in the market that suit your financial situation and investment goals. We can provide you with access to a wide range of lenders, including banks, credit unions, and non-bank lenders, to find the most suitable property investment loan for your needs.
The team at Fox Home Loans can save you time and effort by doing the research and paperwork on your behalf. We can help you prepare a strong loan application, which increases your chances of approval. We can also explain complex financial jargon and terms in an easy-to-understand way, helping you make informed decisions.
Most importantly our mortgage brokers work for you, not the lender, so their priority is to find the loan that is in your best interests. They can provide you with unbiased advice and guidance to help you achieve your investment goals.
Using a mortgage broker for your next property investment loan can save you time, money, and hassle, and provide you with the peace of mind that you have made an informed decision. Contact us today to learn more about how our experienced mortgage broker can help you with your next property investment loan.
At Fox Home Loans, we work with everyone. Feel free to apply for an investment home loan today.
It is important to note that the loan application process for an investment property home loan can be complex, and requirements may vary depending on the lender and loan product.
Working with an experienced mortgage broker can help simplify the process and increase your chances of loan approval. Contact us today to learn more about how our mortgage broker can assist you in applying for an investment property home loan.
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
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Enter some basic details online via our simple enquiry form.
Discuss your investment opportunity, and your loan preferences.
Run through the details of your investment loan Pre-Approval.
With our technology, you can simply sign your loan documents electronically.
Finalise your investment opportunity when your loan proceeds to settlement! It's as simple as that!
Enter some basic details online via our simple enquiry form.
Discuss your investment opportunity, and your loan preferences.
Run through the details of your investment loan Pre-Approval.
With our technology, you can simply sign your loan documents electronically.
Finalise your investment opportunity when your loan proceeds to settlement! It's as simple as that!
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of processed applications for everyday Australians and SME businesses
customers provided with genuine, efficient service
Stamp duty is a tax that we pay when we buy a house and is payable when the home contract becomes unconditional. The stamp duty amount that you are required to pay is different in each Australian State. Note that stamp duty is an overhead fee and cannot be included in your home loan (stamp duty is not included in the Loan-To-Value Ratio calculation). Call our Home Loan Specialists on 1300 665 906 today to learn more about home loans as well as applicable stamp duties, fees, charges and concessions in your area.
Refinancing is available to any property loan product pending terms and conditions. Considering a refinance each year gives you a clear indication as to where you can be saving money- whether it’s a lower interest rate, through a cashback offer, or a product with lower fees. Being open to all options your Lending Specialist will discuss is crucial for the investment property refinancing process. Options tailored to your profile mean that you are getting the most competitive products supplied to you upon review.
Rental income helps to strengthen a clients application by injecting surplus income on the profile. For example, if a joint application is made for an investment property; both applicants incomes will be included in addition to the calculated or current rental income figure. EG: Having 3 contributing sources of income on an application provides for a lower risk application.
Several genuine tax deductions can be made for an investment property. These can include maintenance costs (upkeep of the dwelling, gardening, plumbing etc.), any property agent fees, and land taxes. We have partners that can assist in discussing what you can and can’t claim. Just ask one of our friendly Lending Specialists to find out more.
The general rule for a property loan deposit is between 20-30% of the purchase price as a minimum. The higher the deposit, the lower the risk is for the lender to offer the loan product. Speaking to your Lending Specialist will give you a clear indication of how much deposit will be required to propose an offer for the investment property.
