Would you like to hear more? Please contact Australian residential property strategist Christine Williams on 1300 736 754 today for your SMARTER steps to investment success.

5 top questions for your investment property financier

Tuesday, 26th May 2015

Like most people you will probably need to borrow funds to buy your investment property.

I suggest you begin by visiting your own bank - this is where you have an established relationship and a history.

I then recommend you meet with at least two finance brokers in order to gain comparison rates.

Let them come back to you with the best option that will suit your future goals of investing.

The 5 top questions to ask are:

  1. What is the best interest rate?
  2. What options do I have with this loan?
  3. Will I be able to redraw funds?
  4. Can I pay more off my loan than the minimum payment?
  5. Do you offer interest free terms?

If you combine all of these factors, this is where you will see that sometimes the best rate may not be the best option for your investment property plan.

Make sure you have flexibility built in to any loan contract you sign to ensure you can adapt your finance terms if need be.

Until next time,

from the desk of Christine.