Buying an Investment Property | Expert Home Loan Advice & Financing
Are you considering buying an investment property to grow your wealth? Whether you're a first-time investor or looking to expand your property portfolio, Mortgage Field is here to simplify the process and help you secure the best investment property loan.
Why Invest in Property?
Property investment is one of the most reliable ways to build long-term wealth. Here’s why many people choose to invest in real estate:
- Steady Income: Generate passive income through rental returns.
- Capital Growth: Benefit from property value increases over time.
- Tax Benefits: Enjoy potential tax deductions on expenses like mortgage interest and property management fees.
- Diversification: Add property to your investment portfolio to balance risk.
Whether you're investing for retirement, financial security, or wealth creation, we're here to guide you through the process.
How We Help You Finance Your Investment Property
Securing a loan for an investment property can be more complex than a standard home loan. Our team provides:
- Tailored Loan Solutions: We assess your financial situation to recommend the best loan options.
- Access to Leading Lenders: Compare competitive rates and terms from multiple banks and lenders.
- Equity Utilisation: Learn how to use the equity in your current home to fund your investment.
- Support for First-Time Investors: New to property investment? We’ll explain every step and ensure you’re making informed decisions.
Key Factors in Investment Property Loans
When applying for an investment property loan, lenders will consider several important factors:
- Deposit Requirements: Investment properties often require a larger deposit, typically 20% or more.
- Rental Income: Lenders may factor in expected rental income when assessing your borrowing capacity.
- Interest Rates: Investment loans may have higher interest rates compared to owner-occupied home loans.
- Loan Types: Choose from interest-only loans, fixed-rate loans, or variable-rate loans based on your investment strategy.
- Affordability and Risk: Lenders will assess your ability to manage additional debt, especially if you have existing loans.
Using Home Equity to Buy an Investment Property
If you already own a home, you may be able to use the equity you've built up to finance your investment property. Equity is the difference between your home's current value and the remaining balance on your mortgage. We can help you:
- Calculate Available Equity: Determine how much you can borrow against your current property.
- Structure Your Loan: Optimise your finances to minimise risk and maximise returns.
- Plan for Future Investments: Set up your loan to support future property purchases.
Ready to Start Your Property Investment Journey?
Investing in property can be a rewarding path to financial freedom, but it requires careful planning and expert guidance. Whether you’re purchasing your first investment property or expanding your portfolio, Mortgage Field is here to help.
Contact us today to discuss your options and get professional advice on securing the right investment property loan.
Call us at 0800300306 or email enquiry@mortgagefield.co.nz to get started!