Who qualifies for an investment loan?
Although the approval criteria for investment loans can be complicated, there are some basic lending criteria that can guide you to see if you qualify for an investment loan:
- You should have a good credit history.
- You should have 5% – 10% of genuine savings.
- You should have a stable job.
- Some lenders may like to see your equity in other properties.
If you wish to talk to a 3Carrots mortgage broker to know more about investor loans, please call 0434 390 688.