123Loans will help you make an informed decision when the time comes to structure your investment loan. An investment loan can be used to purchase a Residential Property, Commercial Property or Share Portfolio. We can do this by utilizing your current home as security or the investment property you wish to purchase.
Consider the following points when structuring your loan.
- What do I want to achieve?
- Can I borrow 100% plus cost?
- Interest Only or Principal and Interest?
- Can this benefit my tax position?
- Fixed or Variable Interest Rate?
Usually investment loans are simple interest only since they are tax deductible. No complicated features are needed with this loan, but you should try to avoid application fees and monthly fees.
It is better to pay your home loan first, since it is not tax deductible, and only then, start paying off the investment loan.
123Loans can help you 24/7 365 days a year.
Call us now and we will help you find the best investment loan.
