Investment loans

 

Many types of Investment loans are available to suit both new and experienced investors. There are now many varieties, ranging from simple home loans to more complex loans that allow you to manage tax, gearing and repayments.

 

The investment finance method you choose will depend on a number of factors, including whether or not you are carrying existing personal debt in the form of an owner occupied mortgage or personal loans and other debt. Generally speaking, it is better to pay off personal debt first, minimising personal debt as much as possible during this period.

 

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Always seek advice from your accountant on investment and taxation rules for your particular situation prior to making a decision on investment methods. This is particularly important when you are considering investment relating to your superannuation.

Residential property investment loans

 

Borrowing options available to investors are now very similar to loans for owner-occupier purchases and include both variable and fixed rate home loans with the option to make principal and interest or interest only repayments.

 

Two options that may particularly appeal to property investors are the Line of Credit loan, and the opportunity to make Interest only repayments. Paying the interest in advance on your investment loan may also be suitable and cost-effective. Depending on your current financial position, you may need to speak to a tax accountant to assist maximise the tax benefits and structure of the finance.

 

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For more information on investment loans

 

EZFinance lending managers are experts on the different types of loans available and their structures, so contact us now for information relating to the many options available, from the different Lenders. You may know which type of loan you need , but which Lender has the best Loan for you?