Buying an investment property is an exciting time, but it can also be challenging if you don’t know where to start.
Understanding the home buying process and real estate terminology can be difficult and, with property prices high in many parts of the country, buying an investment property needs to have a return so it’s important to get it right.
Prime Loans can help you:
- Set a budget for your investment
- Support you as you work with Buyers Agents and Property Professionals
- Get access to extremely low rate loans
- Putting you in touch with industry professionals who can guide you through property selection
Learn throughout your journey with Prime Loans
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It's simple, our customers are saying great things about us because we deliver a better service, transparent communication at each stage of the process and get the right loan for your situation.
We work with the largest panel of lenders in the country
We negotiate better rates with more than 35 lenders for you.
Frequently Asked Questions
Generally speaking, a lender will want you to have a minimum of 5% - 10% of the purchase price however you get savings by having a 20% deposit e.g. no lenders mortgage insurance charged.
Pre-approvals are not mandatory when it comes to buying a property although we recommend having one for our customers as they allow you to establish your financial position and no whether your your home purchase budget is feasible.
Your lender will assess you on your serviceability to ensure that repayments can be managed if you are looking to take maternity leave. Additionally, your expenses will likely change so this is taken into account during the assessment.
Loans can be approved in a few weeks although there are a number of factors that may extend this time such as your availability to provide supporting documents and the number of requests currently with the lender.
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Your full financial needs and requirements need to be assessed prior to any offer or acceptance of a loan product.
Lenders terms, conditions, fees and charges may apply.