Investment Property Loans
Applying for an Investment Property Loan The basic lending criteria are: -Best to have 10% in genuine savings. -Can use equity in other properties through refinance. -Good credit score. -Stable employment. If you want to see if you qualify for an investment loan, then call me on 0423 237 242 and we'll talk through your application together. Which Lenders are best for Investing in Property? -It's important to find a bank that likes investors, not one that isn't actively seeking that kind of new business. I will run your servicing with a whole panel of lenders to see where you fit - this will not affect your credit rating. -There are both Bank and Non-Bank lenders that consider 95% investment loans. Each lender policy is different, so it's best to use a broker as we won't affect your credit score. Steps to increase your borrowing power: - Use a lender that has the best lending criteria for investors, - Lower your credit card limits, - Use a co-borrower such as ...