Why use a mortgage broker when investing in Melbourne property?
Almost 70 per cent of property investors have used a mortgage broker at some point in their careers, Smartpropertyinvestment survey data shows. Few services are as useful and essential, particularly for beginner property investors.
There are countless reasons why this is so – here are just three of the most compelling.
A broker can help you Develop a tailored Melbourne property investment strategy
Your goals, budget, lifestyle and future plans will all affect what you require out of an investment home loan. For example, if you're cash poor right now but are buying in an area where capital gains are promising an interest-only loan may be right for you.
On the other hand, if your income varies and you want to pay your loan off quickly, you might like to be able to increase your repayments when you're up, or withdraw cash when you're down with a line of credit. A good Melbourne mortgage broker will speak to you about your goals, then tailor a loan in a way that helps you achieve them.
This can make your repayments easier to meet, reduce the amount of interest you pay, and quicken your ascension up the property ladder.
A broker can help you take a flexible approach to your Werribee investment loan
Your bank balance, your lifestyle and what you want may change regularly. If they do then your investment loan should also, so that no matter what happens it always suits you and your needs. Your mortgage broker here at Direct Mortgages will check in on you throughout the life of your loan, to make sure of this.
Your goals, budget, lifestyle and future plans will all affect what you require out of an investment home loan.
For example if you're between jobs and cash is tight, we can always make adjustments to free up some of your cash. Or if you want to settle your loan as quickly as possible we can tailor a product to help you achieve that.
A mortgage doesn't have to be a daunting challenge, or a chain that ties you down – it should change with you, helping you to get what you want and achieve your goals without causing unnecessary stress.
A broker can offer expert loan advice on tap
Next to your loan, the most important thing about buying a Werribee investment property is doing your research. You've got to understand which type of property best suits your needs, what you can really afford, how to find tenants and much more.
Find your investment loan with the help of Direct Mortgages and you'll have an investment expert available for advice throughout the entire process. For first time investors the value of this can not be overstated.
Get in touch today to start making your property aspirations a reality.
