Investment Loans | Gosford, Woy Woy & Avoca Beach
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Buying an investment property on the Central Coast
If you’re looking to level up your financial situation, investing in property can often feel like the logical next step forward. Investment loans differ from regular residential loans, and as such you’ll need a mortgage broker who understands these nuances and can recommend the best path forward. From rental returns to capital growth, property investment can have many benefits when executed correctly, and Jenna and Peter Walters can help you make informed choices so you have the best chance of success.
What to look for in an investment property
Unlike when buying your own home, it’s important to keep emotion out of your investment property selection. If the purpose is to be a rental, you should consider your ideal tenants and their needs realistically, as well as the broader market.
When choosing the right investment property, you should also take into account
- The location and its proximity to amenities like shopping centres
- Potential developments or growth in the area
- Desirable home features, like extra bathrooms or a garage
- Future maintenance costs
Using equity to buy an investment property
If you’ve been steadily paying off your current home loan for a while, you probably have a decent amount of equity at your disposal. Your equity also increases when your property value increases, so if you’ve done some renovations or your area has experienced a boom you might have more equity than you thought.
Your equity can be used for a variety of things, one of which being the deposit on an investment property. Not all of your equity will be usable, so it’s important to get advice from a mortgage broker you can trust, like Jenna and Peter Walters. Talk to them today to learn more about your options for funding your investment.
Investment loan information
Looking for more information about buying an investment property? Download our free comprehensive guide for everything you need to know - and don’t hesitate to reach out with any questions you have!
Contact Jenna and Peter Walters on 0423 850 481 to experience the difference with brokers who really care about your success
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