Maximise Your Position As An Investor Borrower
If you have established yourself as a real estate investor, you may hold an advantage in the eyes of various lenders.
Banks tend to value investor borrowers as they often have a superior equity position as well as a positive borrowing history.
Knowing this can help you to secure a favourable agreement – remember to keep this in mind when negotiating for a competitive deal.
Utilise the following methods to maximise your position:
1. Shop around. There are several different lenders in Australia, all offering various products that provide unique perks. Getting a comprehensive view of the types of home loans available out there will not only help you choose the best product, but will help you bargain for a great deal.
2. Talk to a mortgage broker. A financial specialist can explain the details involved with the various lenders and products on the market, helping you to read the fine print and tighten up on the particulars.
3. Stay on top of your finances. Staying on top of your finances by making payments on time and maintaining a positive relationship with your lender will help you to ensure that you hold onto your advantageous status for many years to come.
To get more detailed information on your situation, talk to a Loan Market mortgage