An SMSF loan is a good option for those who have SMSF already or planning to establish one and want to buy a property. How does it work? The first step should be the confirmation of your SMSF’s trustee that buying a property is consistent with the SMSF’s investment strategies. You also have to verify that the SMSF Trust Deed allows borrowing. Next will be the selection of the property that you would like to purchase and then application for SMSF home loan.
If you would like to talk to a mortgage broker from 3Carrots to discuss Self Managed Superannuation Fund loans, please call 0434 390 688.