Investment Property Loans

Successful Money Management – servicing the Geelong finance market for over 10 years.

Always Before Considering Any Investment…

As with any particular investment, you should always seek advice from your accountant given your individual circumstances.  Having a thorough understanding of your individual financial circumstances will help you should you be considering any particular type of investment opportunity.

Home Loans – Variable Rate – Principal & Interest

Most variable rate home loans are also available for investment purposes. Minimum repayments need to be met each month and are set for an agreed term which is now usually 30 years. Extra repayments can be made and then redrawn at a later stage. Variable rate home loans must be secured by residential property.

Home Loans – Variable Rate – Interest Only

Interest only variable rate loans only require the interest to be paid each month (usually on the last business day of the month). After an initial interest only period (usually 5 years), the loan converts to a normal principal and interest loan for the remaining term. Extra repayments and redraw are usually not a feature of this type of loan. Variable rate interest only loans must be secured by residential property.

Line Of Credit

Line of credit loans are a variable rate product with a predetermined limit. With most lenders, as long as you remain within the designated limit, there are no set repayments. It is usually recommended that you pay the interest amount each month as a minimum. A line of credit must be secured by residential property.