An investment home loan is a type of loan that is specifically used to purchase a property with the intention of generating rental income or capital appreciation. It is different from a residential home loan, which is used to purchase a primary residence.
When purchasing an investment property, equity can play a significant role. Equity refers to the portion of the property's value that you own outright, minus any outstanding mortgage or loans secured against it. Here's how equity can help you purchase an investment property:
It's important to note that leveraging equity for investment purposes carries risks. If the value of the investment property declines or rental income is insufficient to cover loan repayments, it can put your equity and existing property at risk. It's advisable to carefully assess the financial feasibility and seek professional advice before utilizing equity to purchase an investment property.
At Paradym Financial Group we can help you obtain your first or subsequent investment property, after assessing your current financial situation to make sure you are eligible. We can then compare suitable products from our large lender base to help you obtain the best suitable loan for your circumstances.
We provide a mobile broking service and will come to you. This can be after hours or whenever is best suited to your individual needs.
Lang Lang, Victoria, Australia
0475705090 Aaron@paradymfinancialgroup.com.au Aaron Wiesniewski is a credit representative (549464) of National Lending Group Pty Ltd ABN (43 152 947 852) (Australian Credit Licence 412778).
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Paradym Financial Group
Lang Lang, Victoria, Australia
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The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.
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