What are Investor Loans?
Latest home loans news
Mortgage stress affecting 40% of households, despite property market aflush with stimulus
Billions of dollars’ worth of government and bank support has failed to put a lid on mortgage stress, soaring to its highest level ever.
Lenders slash mortgage rates while Australians top up offset accounts
Average home loan interest rates have declined by between 33 and 45 basis points over the last quarter, according to the Reserve Bank of Australia (RBA). While this has reportedly led more Australians to refinance their mortgages and top up their offset accounts, fewer new home loans have been recorded.
Investor loans are loans that are designed for borrowers who are purchasing a property that they will not live in and intend to use for investment purposes only. They generally have higher interest rates as lenders perceive investors to be a riskier type of borrower because they do not have to rely on the property for a roof over their head.