Investing in property

Investing in property is a smart way to build your wealth, but it can also be a risky game. At JL Mortgage Services, we understand the challenges that come with securing a loan for an investment property. We are well-equipped to help you navigate the process, so you can build a successful property portfolio.

When it comes to investment property loans in Australia, the rules are different from those for your primary residence. These loans often come with higher interest rates and lower loan-to-value ratios, which means you need to be in a strong financial position to qualify. While some lenders will let you borrow up to 95% of your home’s value, investment property loans are usually capped at 90%.

Repayments on an investment property loan are usually made monthly and can be structured as either principal and interest or interest-only. If you choose the latter, keep in mind that this option is usually only available for the first five years of the loan, after which you’ll need to start paying back the principal as well.

To secure an investment property loan, you’ll need to make a deposit. This can come from your cash savings or equity in an existing property. Depending on your situation, you may be able to borrow more if you use equity to provide additional security on the loan. At JL Mortgage Services, we offer both fixed-rate and variable interest investment property loans.

It’s important to note that investment property loans are treated differently than loans for your primary residence when it comes to taxation. To learn more about how we can help you build your property portfolio, get in touch with us today!