Investment home loans have just as many options these days as owner-occupied home loans. This is perhaps because of the increased commonality for investment home loans as more Australians opt for property investment as opposed to other vehicles such as stock and shares.
One of the most common options for investment home loans is fixing the interest rate, namely because of two main reasons:
- A fixed rate home loan provides repayment stability and makes it easier to determine outgoing costs and profit.
- Many investors don’t mind paying more for a fixed rate for a short period of time because it is common to sell the investment property and pay out the loan after 5-10 years.