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Your Guide To Investment Property Loans
There are certain things to look out for when selecting and applying for a loan for your investment property. Here we look at the main differences, the most popular loan types, and how to get the best mortgage for your situation.
Interest-only, fixed, variable, offset – finding the investment home loan that’s right for you can seem like a minefield of financial jargon and conditions.
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Home Loan Lender Specials – July 2017
The home loan market is always evolving. Lenders are constantly adding new products to entice customers and build their market share. This blog post will run you through the different specials that are currently available on the market.
As a result of APRA and ASIC’s directives to reduce the effect of Investors on the property market, Lenders are trying to grow their share of owner occupied Loans. With that in mind, there are number of offers aimed at First Home Buyers and Owner Occupiers.
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How An Offset Account Could Cut Years Off Your Home Loan
Looking for ways to pay off your mortgage in record time? Whether you’re a seasoned investor or buying your first home, an offset loan can help you reduce interest payments, save on tax and pay your mortgage off years ahead of schedule.
With an offset loan, the borrower takes out a home loan and opens a linked savings or transaction account. The balance in the savings account is then “offset” daily against the home loan. So instead of receiving interest on your savings account each month, the account balance is offset against your home loan, reducing the amount of interest you pay over the life of the loan. This means you pay more of the loan principal off faster.
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Home Loan Market Update – July 2017
The after effects of the directives handed down by the Australian Prudential Regulatory Authority (APRA) and the Australian Securities and Investments Commission (ASIC) are starting to take effect in the property market.
Lenders are using higher rates and more onerous qualification criteria to reduce the number of Investors in the property market and limiting their effect.
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Home Loan Market Update – April 2017
The Australian Prudential Regulatory Authority (APRA) and the Australian Securities and Investments Commission (ASIC) are doubling their efforts to reduce the growth in property prices. Especially in Sydney and Melbourne.
Once again, they are looking to do this by reducing the number of Investors in the market and reducing their collective capacity to borrow. They are targeting interest only lending hoping to reverse the growth of interest only loans in the market.
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What Happens If Nobody Wins At An Auction?
Selling is not always a certainty at auction. In NSW and VIC for example, around 25% of all auctioned properties are passed in (according to realestate.com.au).
What does this mean for the vendors and prospective buyers if no one wins the auction?
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