Refinance Investment Property
You might be surprised by the difference between an investment property and a primary property’s interest rate. Typically, the interest rate for an investment property runs at least 0.4% – 0.85% higher than what the same borrower might pay for a mortgage on their primary residence, but may be higher. It all depends on your situation. Investment properties represent a larger risk for lenders.
Banks and online lenders know that if you run into financial hardship and can only afford a single mortgage payment, you’ll always choose your personal home. To account for this risk, lenders charge more in interest on investment properties. Two mortgage payments can be unsustainable, so you might want to search for a lower rate by refinancing. Refinancing can give you access to lower rates if you can show that you are successfully managing your rental property. When you deal with us here at Selectabroker you will feel at ease, as our specialist team will guide you through the process by liaising and explaining all the details you need for a successful refinancing – on your terms!
Here at Selectabroker we work alongside you and comprehend your unique circumstance and situation and point you in the right direction. We take pride in your success and have assisted a plethora of individuals on a refinance investment property service.
Contact Our Team Today
By getting in touch with one of our expert refinance investment property brokers, you can make financing investment house refinancing a lot simpler whether you own rental property or need some income to remodel your current residence. You can contact us via our toll-free number, 1300 510 045. This is open seven days a week. You can also send us a message through the electronic form on the right and we will reply to you as soon as possible. When it comes down to refinance investment property services – we are the best.