Buy your first investment property or expand your portfolio with an Investment Loan
At Influence Finance Group, we understand that stepping into the property market can be both exciting and challenging. Whether you're buying your first investment property or expanding your investment property portfolio, choosing the right investment loan is crucial. Our team is dedicated to helping you access investment loan options from banks and lenders across Australia, ensuring you find the perfect fit for your financial situation.
When applying for an investment loan, it's essential to consider various factors that influence the overall process. One of the primary considerations is the interest rate, which can significantly impact your investment loan repayments over time. We offer guidance on both variable and fixed interest rate options, helping you decide which suits your needs best. A variable interest rate might offer flexibility, while a fixed interest rate provides stability in repayments. Understanding these options allows you to make informed decisions tailored to your unique circumstances.
Another crucial aspect is the loan to value ratio (LVR). This ratio determines how much you can borrow compared to the property's value. A lower LVR often means better interest rate discounts and potentially avoiding lenders mortgage insurance (LMI). LMI is an additional cost that applies when your LVR exceeds a certain threshold. By working with us, you can explore strategies to optimise your LVR and minimise unnecessary expenses.
Your credit history plays a vital role in determining your borrowing capacity and the interest rates available to you. A strong credit history can lead to more favourable investment loan options and lower interest rates. We assist you in understanding how your financial history affects your investment loan application and provide advice on improving your creditworthiness if needed.
The amount you're looking to borrow and the associated costs, such as stamp duty, are also key considerations. Calculating these expenses accurately ensures that you are well-prepared for the financial commitments involved in buying a home or expanding your portfolio. Our streamlined application process includes a thorough assessment of your financial situation, taking into account bank statements and other relevant documents to present a clear picture of your borrowing capacity.
Applying for an investment loan can seem complex, but with our expertise, we make the application process straightforward. We guide you through each step, from assessing your needs to preparing your investment loan application, ensuring all requirements are met. Our goal is to simplify the process so you can focus on achieving your property investment goals.
Influence Finance Group is committed to providing personalised service to clients in Melbourne and nationwide. We pride ourselves on delivering tailored solutions that align with your investment objectives and financial capabilities. Our team is here to help you navigate the various investment loan options available, providing insights into interest rate dynamics and other critical factors.
We invite you to reach out today and explore how we can assist in securing the right investment loan for you. Let us help you unlock opportunities in the property market with confidence and ease.