Will the market go up or down? Will interest rates remain stable? Will rental demand stay strong?
Investment guru Warren Buffett once said: “I’ll tell you how to become rich. Be fearful when others are greedy; be greedy when others are fearful.” In other words, there’s no such thing as ‘get rich quick’, but that doesn’t mean you should be timid and leave your money languishing in a low–interest bank account.
So, if you’ve built up a bit of equity in your home and now you’re looking to add to your portfolio, you’re going to need to borrow some more money. Your Mortgage finds out what you should look for in an investment loan in our October issue of the magazine.
It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan