Owning an Investment Property
Investment property is a great way to build equity and at Loan Station our brokers work for you. With our expert team we help you understand your mortgage and how to make your mortgage work for you to build your portfolio.
How to utilise equity towards your next property
Utilising the equity in your current home is a popular way to purchase an investment property. In most instances, you can borrow up to 80% of the value of your current home to reduce the amount of physical cash required towards your 20% deposit and buying costs.
How to calculate your equity?
- Calculate 80% of the value of your home eg. $500,000 x 80% = $400,000
- Subtract the current outstanding debt (mortgage) from the 80% value of your home eg. $400,000 – $320,000 = $80,000.
- Leaving you with $80,000 worth of usable equity to put towards a deposit for an investment property and the buying costs.
At Loan Station, our experts can work with you to maximise the equity you can use towards your next investment property.
How much money can you borrow?
Our experts at Loan Station will access your financial situation by sitting with you one on one and discussing how to diversify your assets for your next venture.
What now? Take the next step
Enquire with us and one of our lending professionals will be in touch with the aim of putting you in a better financial situation to better your future.
Loans to Suit You
Here at Loan Station our mission is to work towards making your dream of being a home owner come true without the stress of worrying which loan is best for you. Our team will find the best loan to tailor your needs and lifestyle.