Investment property offers a very popular way to generate wealth in Australia. Many people purchase property as part of their Self Managed Super Fund (SMSF) investment strategy. Savvy investors even consider commercial property investment options.
One of the best ways to maximise the ROI on your property investment is by obtaining an investment loan product that offers a very competitive interest rate and loan features that reduce your borrowing costs. Interest Only Mortgages are a great example of a Home Loan product Investors consider when considering how to finance their investment property.
An Interest Only Repayment Facility is usually available for Property Investment Loans.
This is the most popular home loan in Australia. The interest rate on these loans vary at anytime depending on the market forces.
Basic variable rate loans are sometimes referred to as the ‘no frills’ alternative to the standard variable rate loans.
Fixed rate loans are funds lent over a set term at a set interest rate. This gives the borrower the certainty of knowing exactly what their monthly repayments will be should their circumstances change.
When a borrower pays extra or additional repayment on their home loan they have the ability to redraw or withdraw the extra repayments that they are in advance.
A split loan is ideal for a borrower who wishes to have two loan products rather than one.
A Line of Credit provides a borrower with access to the equity in their home or investment properties whenever they wish for any worthwhile purpose.
Veki and the team at UniQ were very helpful when it came to securing our loan for our first investment property. Being self-employed it was a little more complex to secure the loan. Thanks to Veki's help we were able to find a good lender and an excellent interest only home loan.
Thanks UniQ for making the process far simpler than we were expecting it to be.
J & R Cantwell, Elsternwick, VIC
We recently decided to check if we would make a significant saving by refinancing our home loan. The recent round of rate increases finally convinced us it was worth shopping around. UniQ finance were excellent. They came to the house and took us through different options. We ended up going with a smaller bank that had a better rate.
We are saving over $2000 a year in interest, for very little work at all.
M Sommersly, Hoppers Crossing VIC
Level 2, 2 Princes Street,
Port Melbourne Victoria 3207
T (03) 9644 3800
F (03) 9646 5222