Talk to a Lending Specialist

Request a callback
from a lending specialist

Book a time that's convenient for you and one of our loan specialists will give you a call

  • Request a
    call back
  • Make an
    appointment
    • One of our loan specialists will contact
      you by phone at a time thats convenient for you

With a booming property market and growing population, investing in real estate can be a lucrative venture. The right property can generate ongoing income and in the long term, wise investments can provide significant profit when the property value increases.

A property investment strategy should be backed by a financial product that suits your investment goals and needs. Whether you are looking to purchase your first investment property or adding to your established investment portfolio, Mortgage House have a product for you.

Types of Investor Home Loans

Variable Home Loans

Fixed Home Loans

Split Home Loans

Interest Only Loans

While no one can tell you with 100% certainty that a property will be a profitable investment, there are a few clues that successful investors look for:

  • Areas experiencing gentrification at an early stage
  • Increase of property prices in suburbs surrounding ‘newly-hip’ places
  • Limited housing stock in high-demand areas
  • Rise of rental rates rising in the areas
  • A city is making infrastructure improvements and investments

 

Mortgage House Loan Specialists can help you take an objective look at any investment property you might be interested in. We can help you evaluate a property’s profitability and then provide lending solutions to fit your needs.

Sellers of an investment property will require you to be pre-approved before considering your offer. We will guide you through the process and help determine which documents you’ll need to submit with your loan application.

Any lender will do a credit check when reviewing your loan application. It pays to be aware of:

  • The credit application you’ve made
  • If any applications have been denied
  • The amount of credit you currently are using versus what the limit is
  • If you’ve defaulted on any loans

You’ll also need to document the expected income from your investment property, the operating expenses, taxes and maintenance set-asides. Once you’re pre-approved, you’ll be ready to make an offer.

Whom you make your offer to depends on whether you are buying from a private seller or buying at an auction. It is important to be aware of the difference. In either situation, you should consult with your solicitor or conveyancer before submitting your offer.

In private sale, you’ll have more flexibility to negotiate the terms and leave yourself an exit strategy should an inspection turn up some expensive problems. You’ll also have more flexibility in obtaining financing.

Auction sales typically require a 10% or more deposit before the sale, the contracts are usually final and don’t provide escape clauses.