Investor Lending … Finally Some Good News
If you’re in the market for an investor interest-only loan, then you’re in luck … competition is finally returning to the investor lending interest-only space. In the past few weeks the Big 4 Banks, and many of the smaller lenders, have finally opened their books up again to investors.
There’s also a fixed-rate war playing out between lenders at the moment, so now could be a good time to consider locking in your interest rates on your P&I loans too. If you are considering locking in for a fixed term, be mindful that a lot can happen over a 5 year period, so you may want to consider a shorter period of 2-3 years in case you need to pay out the loan early.