VSMA – financial advice you can trust
When seeking out investment advice online, always check out a companies online reviews. Many people are unsure about the difference between investment mortgage loans and investment mortgages. These are two very different products which differ fundamentally when it comes to the way they are regulated. You may be under the impression that you can borrow the money you need through an investment mortgage. However this is actually a borrowing from the bank, which is seen as an unsecured loan, meaning the money you borrow does not have any collateral to secure it.
Investing in Australia
The first and most important thing you have to remember when it comes to lending for investment property in Australia, is that it’s not the same as getting a Mortgage from an Owner Occupied dwelling. Investment lending comes under completely different policy positions from the banks as the strategies for success with borrowing is entirely different. As a result the banks will usually only lend a certain amount of capital towards a particular project. If you’re looking to borrow the money you require either to buy a new property to live in or to fund the investment that you’re working on then you should contact your local investment mortgage broker. They will be able to give you the advice and information you require regarding your borrowing capacity and the property market in general.
Reviews – do your due diligence
Another reason why it is important for investors to seek advice from a good investment mortgage broker or a financial advisor like VSMA reviews is because the banks will not consider you for a loan if they don’t have any information on your property portfolio and know that you are a serious investor with the backing of good financial advice. Your lender needs to see a complete list of the assets you own and the current value of each of them. The Australian housing market is based around cross collateralization and the success of borrowing depends entirely on whether your lender can provide you with a good enough valuation on all of the properties you currently own. When you work with a good lender, they can provide you with an investment mortgage that has the maximum possible cross collateralization value.Wayne Saman