It may sound too good to be true, but there are a few instances when property investors can arrange finance for an investment property at the lower owner-occupied rates. Given that some investor loans are now .27 per cent higher than standard home loans, this is not to be sniffed at. To do this borrows need to:
- Have significant equity in their own home
- Earn adequate personal income to service the debt
- Know which lenders will be more generous on releasing the equity in their own home.
For a no-obligations consultation on your lending needs, please contact your Chan & Naylor broker today.