Is the interest rate on your investment home loan too high? With interest rates at current record-lows, you might be paying too much on your investment loan.
A recent survey carried out by Property Investment Professionals of Australia (PIPA) revealed that more than a third of investors would consider moving their portfolio to take advantage of interest rates that are just half a percentage point lower than their existing home loans.
The other two thirds of investors surveyed would consider refinancing for a rate that was 1% lower. The report mentions that many investors are coming off fixed rates and are refinancing to obtain rates that are one, or sometimes two, percentage points lower than what they had been paying.
The survey also pointed out that a majority of investors used mortgage brokers to find a better home loan deal.
So, if you would like a professional mortgage broker to look at finding a better deal for you, then why not call iShare Cashback Mortgage Brokers today on 0422126430 for an obligation free chat?