Buying an investment property is a powerful wealth creation strategy. Access hundreds of investment property loans from our wide choice of lenders. We will shop around for you and let our investment property mortgage broker negotiate a competitive rate.
Are you a first-time investor starting out in the real estate game? Or an experienced landlord looking to expand your portfolio? While the market is rife with plenty of investment opportunities, getting expert help along the way is always a smart move.
At What If We Finance, our mortgage experts help you unlock the power of investment property. Whether you’re buying one or multiple properties, developing a property, buying off the plan or building multiple homes our experience will take the stress out of finance so you can focus on what is important to you.
Rates for investment property loans are usually at least 0.5% to 0.75% higher than standard rates. So, for example, if today's averate rate for a primary residence is at 2.125%, you can expect rates for investment properties to start around 2.625% to 2.875%.
Keep in mind that standard rates are based on the profile of prime borrowers and other determining factors such as credit score, cash reserves, debt-to-income ratio and loan-to-value ratio on the investment property.
That's why average rates for investment property loans should be used as a benchmark online. When buying an investment property, be sure to compare quotes from lenders and consult and investment property mortgage broker to find the best deal for you.
Investment property loan requirements and terms are different compared to standard home loans. For instance, lenders tend to be stingier with loans for investment properties as the risks of default and foreclosure are higher. The guidelines for approval also won't be as lenient as those for a primary residence. The same goes for investment property refinancing.
If you are thinking of arranging investment property loans, consult your trusted investment property mortgage broker. They will help speed up the process and secure a suitable loan that minimises risks and maximises returns.
While it's hard to escape high interest rates on investment property loans, there are ways to ensure you get the best deal possible such as making a bigger downpayment, improving your credit score, and comparing rates from various lenders. What If We Finance can help you with the third method as we work with a wide network of lenders to let you secure the best possible loan for your financial situation.
What If We Finance’s friendly and experienced team of mortgage brokers work with your best interests at heart – consistently sourcing the best deals to suit your investment. We help you understand both your short-term and long-term goals by assessing your financial situation, comparing investment loans and negotiating with lenders on your behalf.
From searching properties to applications to settlements – our mortgage broker will help you through the entire investment property process. We also keep you updated on industry changes and negotiate better rates if your circumstances change.
The path to helping you achieve your property investment goals starts with a conversation. Once you’ve filled out our contact form, we will work with you to understand any obstacles to securing a mortgage.
We then get straight to work. We review the market on your behalf and then make affordability plus credit assessments to ensure the recommendations we make suit your individual needs.
We then share our recommendations with you, including the justifications behind our suggestions.
Afterwards, we will package and submit a full mortgage application on your behalf. We will oversee the process to completion, acting as the middleman.