Investment properties | Mortgage Broker in Deebing Heights, Ripley, and Ripley South
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What are the benefits of an investment property?
There are numerous pathways to consider when investing your wealth for the future. One of the most popular is investment properties. The primary goal of an investment property is to be bought at an affordable price, appreciated over time, and then sold at a later date.
Investment properties differ from other popular investment options due to the typical stability within the market. As properties are physical assets, they are less prone to volatile value fluctuations like digital currencies and stocks are.
Alongside this, investment properties can help pay for their upkeep through income sources such as rent. Rent is a great way to cover some of the costs of your mortgage repayment, mitigating an investment property’s impact on your usual budget.
It’s vital to note, however, that investment properties aren’t immune to any danger. Natural disasters, poor repairs, depreciation in the market, and market crashes are all real considerations that need to be met and worked around to have your investment property perform satisfactorily.
If you’re interested in how an investment property can benefit your finances well into the future, reach out to your local broker, Jeff Wright, to start discussing your options today on 0416 425 928.
How pre-approval can help secure your next investment property
It’s no secret that navigating the property market, even at the best of times, can be overwhelming and disheartening when faced with rejection from lenders and sellers alike. Being sure that you’re using every weapon in your arsenal is a vital part of appropriately preparing to face the property market.
One of the most commonly neglected tools many buyers fail to utilise is pre-approval. Pre-approval details your borrowing capacity with a lender in clear view, allowing you to shop around the property market with confidence in your spending ability.
Not only is pre-approval a benefit to your mindset and abilities, but it also acts as a great signifier to sellers of your commitment and willingness to finalise the purchasing process, giving you an edge over the competition. Once the purchasing process has begun, pre-approval will speed up the approval process from your lender, as most of the legwork has already been completed.
Pre-approval is a fantastic asset to have on your side when looking for an investment property, or any type of property for that matter. If you’re ready to start building your investment portfolio and are interested in having pre-approval help you along, be sure to connect with your local Mortgage Choice broker for Ripley, Jeff Wright, for more information.
Jeff Wright can assist with all your investment needs. Get in touch with Jeff today on 0416 425 928 to get started.
As an experienced mortgage broker across Ipswich, Jeff is available to help with a large variety of topics, including:
