Steps to Buying an Investment Property
Step 1: Speak to a FinanceCorp Finance Manager
When considering an investment property, your first port of call should be your finance broker. A FinanceCorp Finance Manager can help you achieve your investment property goals. They will review your assets and liabilities to determine how much you can borrow, which will, in turn, give you a general idea of your target price range, so you can narrow your property search within your purchase budget.
Step 2: Budgeting
Just like buying your first home, when purchasing an investment property, it’s essential to budget. If you’re unsure of the best way to budget for an investment property, speak with your FinanceCorp Finance Manager, they can help you to get on the right path.
Step 3: Important conversations<
Your FinanceCorp Finance Manager will discuss your plans and your circumstances with you to determine what you can afford. Your broker will also provide statutory documentation to initiate the lending process and work out for you what loan products will be appropriate in your circumstances.
This is just an abridged guide to help you get started. For more information and further details, speak with your FinanceCorp Finance Manager.
A FinanceCorp Finance Manager is much more than your average mortgage broker.
Find out how a Finance Broker can help financecorp.com.au
They can help you to get on the right path.