Investment Loans

At Get Approved, we understand that investing in property is a significant step towards financial growth. Our expertise in investment loans ensures you have access to the best options available. With our guidance, you can explore investment loan options from banks and lenders across Australia to find the right fit for your financial situation. Our goal is to simplify the investment loan application process, so you can focus on building your investment property portfolio confidently.

When considering investment loans, it's essential to understand how different factors influence your borrowing capacity. Your credit history plays a crucial role in determining the loan amount you can access. A strong credit history may also help secure interest rate discounts and better terms. Additionally, the loan to value ratio (LVR) is a critical aspect to consider. A lower LVR can mean less lenders mortgage insurance (LMI) and potentially better interest rates, impacting your investment loan interest rate.

Our team at Get Approved will assist in calculating investment loan repayments to ensure they align with your financial situation. We offer insights into both variable interest rates and fixed interest rates. Variable interest rates can provide flexibility, while fixed interest rates offer stability in your repayment planning. It's crucial to weigh these options carefully, especially if you're purchasing your first investment property or expanding your property market presence.

Applying for an investment loan involves understanding the associated costs, such as stamp duty and other fees, which can affect your overall budget. Our streamlined application process is designed to make it easier for you to apply for an investment loan without unnecessary stress. We guide you through gathering essential documents like bank statements and help simplify the process of buying a home or an investment property.

Your choice of an investment loan can significantly impact your property market strategy. Whether you're starting with a single property or expanding your investment property portfolio, selecting the right loan is vital. Our professional advice ensures you make informed decisions tailored to your specific needs and goals.

In summary, Get Approved is committed to helping clients across Australia access the best investment loan options from various banks and lenders. Our expertise covers everything from calculating investment loan repayments to understanding interest rate implications, ensuring your financial choices are sound. Contact us today to start your journey towards building a successful investment property portfolio and take advantage of our streamlined application process tailored to your needs.

1. Understanding Your Needs

Your mortgage journey begins with a detailed consultation with your Finance & Mortgage Broker. Your broker will listen to your property goals, whether you’re buying a home, investing in real estate, or seeking a commercial loan. They will assess your financial situation, considering factors like income, savings, liabilities, and credit history, to provide tailored advice on loan options available to you.

2. Financial Positioning

Your broker will request relevant documentation such as bank statements, recent tax returns, and evidence of assets and liabilities to determine your borrowing capacity. They will calculate how much you can afford to borrow, considering important factors like LVR, potential LMI, and interest rates. Your broker will also advise you on how to improve your financial standing if necessary, ensuring you are in the best position to apply for a loan.

3. Comparing Loan Options

Once your financial situation is fully assessed, your broker will begin comparing loan products from a range of lenders across Australia. They will help you weigh the benefits of fixed interest rate loans versus variable interest rate loans, as well as exploring options for offset accounts and interest rate discounts. They will also explain important terms like loan features, fees, and other considerations like the potential for future rate changes or LVR adjustments.

4. Pre-Approval Process

Pre-approval is a crucial step in the property buying process. With pre-approval, you’ll have a clear idea of the loan amount you can borrow, which strengthens your position in the local property market. Your broker will help you gather the necessary documents and submit them to the lender for pre-approval, ensuring the process is as quick and straightforward as possible.

5. Submitting the Loan Application

Once pre-approval is in hand, your broker will help you complete the loan application. They will guide you through submitting all necessary paperwork to the lender, including documents like bank statements, proof of income, and details of existing liabilities. Your broker will communicate directly with the lender to ensure the application is processed quickly, ensuring no delays in getting you the loan you need.

6. Loan Approval & Settlement

After your loan is approved, your broker will review the final loan offer with you and help arrange any necessary insurance, such as mortgage protection insurance. They will also work with you to ensure you understand the terms of the loan and guide you through the settlement process. Your broker will remain available to help you navigate any final hurdles before you complete the purchase of your property.

7. Finalising Ownership

The final step is settlement, when your loan is officially advanced, and you take ownership of the property. Your broker will coordinate with the lender and conveyancer to ensure the transfer goes smoothly. Once the settlement is complete, you’ll officially become the owner of the property, and your Finance & Mortgage Broker will continue to offer guidance to help you manage your loan and stay on track with repayments.