We Help You Navigate Investment Property Loans
Many Australians have built their wealth through property investments. On top of monthly recurring income from rent, the value of most properties in Brisbane usually increases over time.
So when you reach retirement age, there’s a good chance you have already accumulated considerable equity.
Regardless of whether this is your first time exploring property investments or several properties around QLD, it is still ideal to look around for investor loans. PFC Mortgage has a team of property investment loan specialists to help you find the best deals in the market.
Brisbane Lenders Offering Property Investment Loans
PFC Mortgage can assist you in finding the best investor loans in Brisbane with negotiated rates and repayments that can help you achieve your goals.
We have a vast network of panel lenders that offer different rates so you can shop around.
Compare different first home buyer loans from QLD banks such as ANZ, Commonwealth Bank, Westpac and more.
Property Investment Loan Process in Brisbane
Every bank has its own set of processes for granting investment property loans, but most lenders in Brisbane are following these steps:
- Initial assessment – a loan representative will discuss the process, ask questions about your investment goals, review your profile, and advise you on proceeding.
- Submit requirements – fill out an application and submit with the requirements needed to process your loan application
- Pre-approval – your bank will notify you if you are pre-approved for the loan. Your pre-approval sheet includes the loan amount, interest rate, fees, and other important information about your property loan.
- Shop around – you can begin looking around for investment properties that are within your pre-approval terms.
- Buy the property – you can purchase the property that you want to include in your portfolio.
The process may be straightforward, but in reality, it is typically overwhelming if you do it on your own.
That’s why many property investors choose to work with mortgage brokers like PFC Mortgage to make the process easier.
Property Investment Loan Frequently Asked Questions (FAQs)
No, you don’t need a mortgage broker to get a loan to buy an investment property.
But if you want to save time (which translates to money), you can team up with a professional so you can quickly look around for property loans available in your area.
Many investor loans also secure financing faster through the help of a mortgage broker.
And there’s a good chance you can access offers that banks do not usually offer to their walk-in customers.
Different lenders in Brisbane have specific credit policies, but most lenders use a set of criteria based on the following categories to determine your eligibility for an investment loan:
- Verified identification and credit history
- Your perceived capacity to pay the loan according to projected rental income from the property and your other sources of income
- The available capital based on financial assets and equity in your home
- The value of the property that you can put on as collateral
Note that the above criteria are standard, and some lenders are also implementing other regulatory requirements such as best interest duty, responsible lending, anti-money laundering, etc.
Yes, some banks will finance a rental property purchase even with no deposit if you have enough equity in your owner-occupied property or other investment properties that you can offer as security.
You may borrow up to 100% of the value of a property. But this is, of course, subject to your lender’s credit policies that include:
- Your credit profile
- Deposit or equity
- Maximum Loan to Value Ratio (LVR)
- Lenders Mortgage Insurance (LMI)
- The property offered as collateral