Should you channel your spare cash into property, shares or some other investment?
Eureka Capital will help you to choose the right funding to complement your capital
CONSIDER THIS ...
After paying your home loan for many years, you will generally find you have considerable equity in your home. You could then borrow against your home to raise a deposit for an investment house, that you could rent to a tenant.
Investment Loans and Loans for Commercial Purposes
Before you make the decision to invest, we suggest that you talk to people who are qualified and licensed to provide that advice. Also, conduct your own research through any available investment magazines, books, videos, and courses; or by talking to your accountant.
If you decide to invest in property, Eureka Capital will help you to choose the right loan for your circumstances. We won’t help you to analyse your cash flow, tax position or choice of property. Accountants and financial advisors are the best people to provide such advice.
When you are ready to seek investment loans, the key things to consider are:
The type and value of the property, and whether you should buy commercial or residential
The amount of deposit you have – which translates to your loan-to-value-ratio (LVR) and how much you need to borrow
How you plan to repay the loan
Whether you are best to seek a full-document loan or a low-document loan.
Click here to discover the difference
Regardless of whether your loan is for a home or an investment property, you will need to complete a full application. If you plan to finance the property through a Company or Trust, or use more than one property as security, you will still need to declare financial details about the people behind the ownership; directors of companies, trustees of trusts, owners of properties used as security and any guarantees.
Otherwise, you can download a Loan Application Form to make a basic enquiry by completing section 1, or if you are serious about your loan, complete section 2. Before we submit your loan to a lender, you will need to also complete section 3.
Have you just started your working career? Do you work long hours and make good money? Then consider purchasing your first investment property. In the future, you could use the equity in that property for a deposit on a home.
Are you jealous of people who have investment properties, when you are barely living on your income. Then let a financial planner show you how you might be able to buy an investment property or home using a very small deposit and funding from Eureka. ”