SMSF Mortgages

Your Guide To Buying Property With an SMSF

Whether you are a seasoned Gold Coast property investor or are looking to buy a second home we can aid you in securing the best financial situation for you! As the premier mortgage brokers on the Gold Coast, we are experts in navigating the mortgage system, customizing loans to specifically suit your unique needs and requirements.

Finding a Mortgage for a Rental Property

A rental property can be an exceptionally lucrative way to earn extra income. It can however be a little tricky to finance. With different approaches to loans for different purposes, many lenders are a little reluctant to loan rental property mortgages. The measures for borrowing are stricter than for a residential property, this will include commonly a higher down payment for an investment mortgage, a requirement of a higher credit score, and your proof of income will be more severely checked. These factors are not essential however and by working with us you can be assured of some excellent options. 

Gold Coast Investment Property Loans

As your local Gold Coast investment property mortgage experts, we will arrange the best deal possible for you. With our many years of brokering experience we navigate the mortgages on offer to source you what you need. Whether you have a large cash down payment available or are after something smaller, no matter your situation, we can help. Some of your options that we can source have low down payments, that can be a 10% deposit or less.

Can I Borrow Against My Equity To Buy An Investment Property

A home equity loan is a loan typically for a second home and is sometimes referred to as a second home loan. It is not your only choice for a property investment, but it is useful to understand how this particular loan works. This type of mortgage loan allows you to liberate some of the cash that you have already built up in your existing home. There are three ways that you can do this. Firstly, if your property has increased sufficiently in value since the time of purchase this may allow for a home equity loan. Secondly, you can manipulate your regular home loan repayments to enable you to reduce your outstanding balance. Finally, you can pay a lump sum into your existing loan in order to affect your line of credit.

There are two basic types of this loan. They both enable you to use your existing property as a kind of security for the lender, lessening their risk in the loan. The two basic types of home equity loan require different upfront measures. Firstly, you can have a line of credit. This is where you as the borrower can reborrow up to a certain limit that is pre-set by the lender. It has a flexibility to it that you can reborrow or not over time. Your second choice is to borrow a lump sum. It requires you to adjust your repayments to an increased level to cover the loan. 

Looking to finance an investment property? Let's talk

As up and down as this 2022 economy is, the truth is there's probably never been a better time to get approved for real estate finance. Whatever you're looking at right now we've got relationships with a broad panel of lenders who are actively looking for deals. To find out more hit the button below to get in touch or call us on  0450 231 551