There are countless financial products available in the lending market of today, each one with specific rules and conditions and its own positive and negative elements to consider. An owner-occupied loan for investment property is one of the smaller groups of property finance products available and has key conditions that must be met for approval to be granted. An owner-occupied investment property offers a range of benefits to the purchaser which can help in the building of your property portfolio in the future.
Investment property loans often come with higher interest rates than regular home loans or first-homebuyer mortgages. These interest rates can often make the dive into investing in real estate off-putting in a financial sense for some. One of the best ways to drive your investment portfolio is to consider living in your investment for a certain period. Owner-occupied property often attracts lower interest rates and allows you the time to renovate or redecorate to improve the capital value of the property before moving on to your next investment.
Making your investment an owner-occupied property can save you thousands of dollars over time, so it is a type of financial product that is well worth your consideration. It may be that you are looking to downsize by moving into your investment property or you could just be starting out and looking for ways to minimise your interest payments. An experienced financial planner can help you strategically plan the financial gains that you will benefit from with an owner-occupied loan for your investment property.
Making your investment an owner-occupied property can save you thousands of dollars over time, so it is a type of financial product that is well worth your consideration. It may be that you are looking to downsize by moving into your investment property or you could just be starting out and looking for ways to minimise your interest payments. An experienced financial planner can help you strategically plan the financial gains that you will benefit from with an owner-occupied loan for your investment property.
The best way to navigate the complex world of real estate investment is with a trusted and experienced broker by your side. With a seasoned, local expert on your team, what may initially appear to be convoluted and confusing can become simple and straightforward. An experienced broker can explain, in detail, the terms and conditions required for an owner-occupied loan for investment property and can aid you throughout the application, approval and settlement processes.
The best way to navigate the complex world of real estate investment is with a trusted and experienced broker by your side. With a seasoned, local expert on your team, what may initially appear to be convoluted and confusing can become simple and straightforward. An experienced broker can explain, in detail, the terms and conditions required for an owner-occupied loan for investment property and can aid you throughout the application, approval and settlement processes.
Using our handy calculators, you can determine the difference between a regular mortgage, an investment property mortgage and the loan you can get for an owner-occupied investment property. This will give you a foundation on the cost differences between the three financial products which can help with the initial consideration of which loan will be best to help you balance home ownership with investment. The next step will be to consult with an expert mortgage broker, like those available at Agile Debt Solutions, who can run you through the services available to you. Contact Agile Debt Solutions today to discover the world of benefits associated with an owner-occupied loan for your investment property and see how this type of financial product can help you on your journey to personal wealth creation.
Using our handy calculators, you can determine the difference between a regular mortgage, an investment property mortgage and the loan you can get for an owner-occupied investment property. This will give you a foundation on the cost differences between the three financial products which can help with the initial consideration of which loan will be best to help you balance home ownership with investment. The next step will be to consult with an expert mortgage broker, like those available at Agile Debt Solutions, who can run you through the services available to you. Contact Agile Debt Solutions today to discover the world of benefits associated with an owner-occupied loan for your investment property and see how this type of financial product can help you on your journey to personal wealth creation.
With your investment being an owner-occupied property, you will have the advantage of keeping a close eye on everything that happens at the property. In addition to the physical benefit of being there for any major changes, there are also discounted interest rates on offer over traditional investment mortgages.
Yes, every lender will have a specific eligibility criterion that must be met to qualify for an owner-occupied loan for investment property. Having an experienced broker on your team will help you to clearly understand what the criteria is and know whether you can meet the requirements to qualify for such a loan.
An owner-occupied investment loan is a blend of a traditional home loan and an investment mortgage. Being owner-occupied, your investment property will likely come with lower interest rates than a more traditional investment loan, but specific terms and conditions will vary from lender to lender. Your expert broker will be able to advise you of all the available financing options along with the specifics for each.
If you are looking to purchase a property on an owner-occupied mortgage, one of the main factors is that you must be living at the property. If you can prove rental income from renting additional rooms within your home, then you might be considered for an owner-occupied loan for investment property, but the final decision will come from your chosen lender.
The two main distinguishing factors with this type of financial product are that the financial institution must recognise the estate as an investment property, and you must prove that it is an owner-occupied property. Once these two factors have been established with your lending institution, you can proceed with this financing option instead of a regular homeowner mortgage or an investment property mortgage.