Getting property investment loans approved can be a daunting task. We have compiled six steps detailing how to get a loan for investment property. They are:
Investment Property Home Loans Step One: Statement of position – a list of your assets, liabilities, income and expenditure.
Investment Property Home Loans Step Two: Employment history – are you stable or do you job hop?
Investment Property Home Loans Step Three: Time in your principal place of residence – how often have you changed addresses?
Investment Property Home Loans Step Four: Credit history – what defaults are lenders going to discover when they do a credit check on you?
Investment Property Home Loans Step Five: Capacity to repay – this looks at your earnings- regular wages, contract payments, rental income etc.
Investment Property Home Loans Step Six: Property valuation – what's the value of the property you want to buy and how much of that do you want to borrow?
To learn more about how to get a loan for property investment or to book your FREE personal property investment analysis, Contact our team of Property Investment Specialists today and ask about property investment home loans.
DISCLAIMER: This information is of a general nature only and does not constitute professional advice. We strongly recommend that you seek your own professional advice in relation to your particular circumstances.