Have you heard the disturbing news around investment lending and the changes that are happening every week?
Lenders are punishing investors with an investment loan due to APRA intervention requiring certain lenders to rein in their investment lending portfolios.
Many lenders have increased their interest rates for investment lending, and /or reduced the maximum lend to 80%, with one lender actually exiting the investment lending arena.
If you thought getting an investment loan was tough before, it is about to get tougher and can be more expensive than home owner lending.
However the rates you are currently paying even with the increases is still far lower than in recent years. Now we don’t have a magic wand, but we can still investigate options for you to find a product and rate that suits you, whether it be variable rate or maybe fixing for up to 5 years.
There is now no better time to get a health check on your investment lending portfolio, or more importantly to shop around for a better deal.
Loan Market works with over 30 lenders you know and trust, and takes the leg work out of finding the finance deal that’s right for you.
Author: Steve Pram M: 0439735404 | P: 07 46130311 firstname.lastname@example.org
Loanmarket Australian Credit Licence 390222