Investment Home Loan Rates
Investment Property Loans
Tora Finance is one of Brisbane’s leading investment brokers. From first-time investors to seasoned property owners, we have the expertise and connections to find an investment rate that works for you. No matter your goals or ambitions, partnering with us puts you in control of your financial future.
The Tora Finance team has strong relationships with over 50 lenders across Australia. We ensure that your lending experience is straightforward, reliable and professional, taking care of complicated bank or lender policy so you don’t have to. With a finance package tailored to each of our clients, our service guarantees competitive investment home loan rates so you can enjoy quality returns in the long run.
Talk to our friendly team today, and we can guide you through the steps to securing a worthwhile investment property loan. With no cost to you, Tora Finance makes the most of your money, working hard to find an optimal investment solution for all our clients.
How Do Investment Home Loans Work?
Investment home loans function in a similar way to owner-occupied home loans. Banks or lenders loan an amount of money to a borrower, applying a variable or fixed interest rate to be paid off over an agreed amount of time. However, there are also some differences. For an investment home loan, there are differing loan to value ratio specifications, and investment loans are often sold at a higher interest rate to standard owner-occupied loans. Your chosen bank or lender may also apply different fee structures to your loan, depending on the size and length of your repayment. To find an investment loan that works best for you, talk to the team at Tora Finance today.
Finding The Optimal Investment Loan For You
What Are Your Loan Goals?
Before shopping around for an investment loan, it's important to decide what your goals are. Are you looking to maximise your tax deductions? Grow your rental income? Or simply invest in a property that will appreciate in value over time? Understanding your investment goals will help Tora Finance tailor the perfect property investment loan for you.
Once we know your financial objectives, our team can start looking for loans that will help you achieve them. For example, if you're looking to minimise tax deductions, then an interest-only loan might be suitable for you. Or if you're looking to grow your rental income, then a loan with a low interest rate could help you maximise your profits. At Tora Finance, our knowledge and experience ensure that all your investment loans pay dividends in the long run.
What Investment Home Loans Can You Afford?
Investment loans usually require a higher deposit than owner-occupied loans, often working out at about 20% of the purchase price. Having more capital available at the start of your investment is always advantageous. Tora Finance will guide you towards a property that suits your financial situation, working to secure an investment that is not only possible in the short-term, but will ensure prosperity for years to come.
The ongoing costs of owning an investment property are also an important factor to consider. Perpetual fees such as council rates, water charges, strata fees, and insurance can add up quickly. Once again, Tora Finance understands the complexities of investment ownership and balancing your income with ongoing repayments. We negotiate a sustainable comparison rate with your chosen lender so you’re not left in the lurch down the track.
What Type of Property Are You Buying?
The style of property you're buying will also affect the type of loan you take out. For example, if you're buying an off-the-plan apartment then you'll likely need a construction loan. Or if you're buying a house that needs some renovations, then a low doc or no doc loan might be right for you.
There are also certain types of properties that lenders are reluctant to finance - such as run-down houses or properties in remote areas. If you're planning on buying a property like this, it's important to compare loans from a range of different lenders before making a decision.
Tora Finance is an expert in residential property investing. For all housing types, we find interest rates that work for property investors, big or small.
Investment Property Loan Rates
Tora Finance knows property investing like no one else. Our team’s understanding of lender policy and home loan interest repayments ensure a competitive rate on your investment property, every time. We maintain relationships with over 50 lenders across the country, and can tailor a finance package to suit any client. To find out more about investment loan rates, discovering which comparison rates work for you, talk to our team today.
Do I have To Pay Lenders Mortgage Insurance?
In Australia, lenders mortgage insurance (LMI) is typically required for loans with a deposit of less than 20%. This means that if you're taking out a loan to purchase an investment property with a 10% deposit, you'll most likely have to pay LMI.
Investment loans are considered higher risk than owner-occupied loans. This is because with an investment loan, the property itself serves as collateral for the loan; if the borrower defaults, the lender can sell the property to recoup their losses. With an owner-occupied loan, on the other hand, the borrower's home is used as collateral; if the borrower defaults, they may face foreclosure.
For most Australian property investors, paying LMI is part of doing business. Fortunately, LMI is typically only required on the portion of the loan above 80%, so it shouldn't add too much to your overall costs. And remember, you can always avoid paying LMI by saving up for a larger down payment.
Need Advice From An Expert Mortgage Broker?
If you are looking for trusted home loan experts or want to learn more about our flexible services, follow the links below:
Construction Loans | First Home Loan | Home Loan Rates | Investment Property
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