Investment Loans
Investment loans are a type of loan available that borrowers can take out for the purposes of purchasing an investment property.
There is a range of variable and fixed rate investment loans available for most amounts to suit your budget and investment needs, however there are two types of loans that are generally more popular for investors:
- Line of credit loan: With this type of loan you can tap into the equity in your existing home and use it for a deposit to purchase your investment property.
- Interest only loan: Unlike standard home loans where you pay interest plus principal, with an interest only loan you only pay the interest. This is until you sell the property at which point you then have to pay back the total principal owing.
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