Fox Symes Investment Home Loan

Even in a worldwide economy that’s seen thousands of dollars stripped from house prices, for savvy buyers property can still be a very worthwhile investment. With fewer people able to buy their own homes, demand for rental properties is on the increase, and this is music to the ears of those who decide to keep their money in property.

Finding a suitable home loan perfect for investment customers can be a little tricky, with many of the major lenders concentrating the majority of their marketing efforts on the general home buying public. Top non-bank lender Fox Symes have a range of loans designed specifically with investment property buyers in mind.

What Are Investment Home Loans and Why Do You Need One?

As a property investor your financial goals and needs will be very different to those of the standard domestic buyer. As an investor your focus is profits vs general affordability, and your requirements will differ greatly.

When you buy a property investment your aim is simple. Charge more in rent than you pay out on your home loan and pocket the difference. Some landlords will settle for their home loan just being covered by tenants without making a monthly profit. This way years down the line they have a saleable asset that has effectively been brought for them.

Don’t Forget The Tax Man

There are also tax considerations for investment buyers. As a landlord you have to pay tax on all profits from your rental business. As with any business you’re able to claim expenses and these are taken off your profits, thus reducing your tax liability.

Depending on where you live, interest payments on your property can usually be claimed as expenses. If you were on an interest only home loan deal theoretically you could exclude all your monthly payments from your profits. Obviously this means you’ll pay less tax.

There are many other tax matters to take into consideration when buying property as an investment, and some do affect the type of loan you should apply for. For that reason our strong advice would be to speak to an accountant or solicitor before signing on the dotted line.

Fox Symes Flexibility

The range of investment home loans offered by Fox Symes give landlords total control and flexibility over the money they borrow.

You have the facility to choose an interest only, or principle repayment vehicle depending on how quickly you want to reduce your debt. You will also have access to some very low interest rates and low annual fees to help you maximise your profit.

These loans also come with the facility to make over-payments so you can reinvest some of your profits in order to pay off the loan quicker. This means the property becomes your fully owned asset much sooner than your original term set out.

Even if you already own a rental property, refinancing and switching to a Fox Symes Investment Home loan could save you money due to some very impressive mortgage rates. Take advantage of the Fox Symes handy home loan calculator and see how much you could save.

• Comparison of Top 10 Credit Card Offers

Top Home Loans

Home Loan	Details	Interest Rate (p.a.)	Comp Rate^ (p.a.)	App Fee / Ongoing Fee	Max LVR	Min & Max Borrowing
Loans.com.au - Dream Catcher​	A home loan offer with a $0 application fee and one of the lowest available home loan interest rates.	5.85%	6.21%	$0 / $375	80%	$50,000 / $750,000
Bankwest Online Home Loan	A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online.	5.97%	5.97%	$0 / $0	80%	$100,000 / $1,000,000
Illawarra Home Loans Bank Beater Home Loan	A low variable rate, beaten down even further by 0.05% p.a. after 5 years.	6.07%	6.35%	$0 / $345	90%	$250,000 / $1,000,000
State Custodians Mortgage Company Standard Variable Offset Loan	Awarded the 2011 Non bank Lender of the Year this feature-packed loan rewards customers with a bonus rate drop of 0.25% after 5 years.	6.02%	6.23%	$0 / $345	95%	$150,000 / $1,000,000