Get expert advice from your broker
Just as it is important to research the market for the ideal investment property, it makes sense to shop around for a loan that offers competitive rates and fees while still providing the flexibility you need to make the most of your investment.
This is where the expert advice of your local Mortgage Choice broker can be extremely valuable. They can compare hundreds of loans from a wide choice of lenders and advise you on the finer details of each option that could save you money in the long term.
Investment mortgages may come with a slightly higher interest rate, although this will depend on the lender, the area in which you buy and the type of property you select. However, broadly speaking, your investment will be similar to a home loan - you will be required to make repayments based on the loan principal, interest rate and term.