Are you an investor looking to grow your property portfolio? Then land yourself a standout home loan deal, with a low interest rate and great features to boot, by kicking off your mortgage comparison in the table below.
If you’re ready to invest, chances are you’re going to want to do keep your costs as low as possible. That’s where Mozo can help! Using our handy investment loan comparison table below you’ll be able to compare a range of great investment property loan interest rates all in the one place.
To start, just plug the amount you want to borrow and the length of time and hit calculate repayments. You’ll then be able to see just how much you’ll need to make for your first monthly repayment.
Yes! Whether you’re looking to add to your portfolio or are investing for the first time, there are a number of investment property loans with a low down payment of 10% or less.
Just bear in mind that following the introduction of tighter lending restrictions by APRA, some of the major banks have lowered the minimum LVR they will accept for investment loans. And as with many low deposit home loans you may be required to pay lenders mortgage insurance (LMI) if you fall short of a 20% deposit.
By stashing your savings in an offset account you’ll effectively reduce the balance of your mortgage and the amount of interest you’re paying. Sounds pretty good right? That’s why an offset account could be a handy to feature to have with your investment property loan, but make sure you weigh up its value against the extra fees you might need to pay for a home loan which includes one.
Applying for a property investment loan online is simple. Once you’ve weighed up rates, fees and other features and decided on the loan you think is right for you, just click the blue ‘Go to site’ button on the right hand side of the page and you’ll be taken to an online application form to fill out.
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How much could you save by switching your home loan? Compare savings from over 500 home loans. Find out in a few clicks.