It may be possible for you to borrow money to purchase property using a Self-Managed Superannuation Fund loan (SMSF).
Any property purchased using a SMSF loan works in the same way as any other investment property loan, but the deposit is factored from your superannuation savings.
A SMSF loan can be used to purchase residential or commercial property, or even a holiday home. However, a key characteristic of SMSF loans is that they can only be used to purchase property that is intended as an investment, rather than as your family home.
When you talk to an Energise Home Loans mortgage broker, your individual current and future finance needs will be considered, and matched with the panel of lenders that offer Superannuation Fund Loans. SMSF loan terms, loan features and interest rates vary widely between lenders, so assistance from a mortgage broker is very important to ensure you are entering the best possible arrangement to meet your financial needs.
The following guide outlines the usual steps involved in arranging a Superannuation Fund Loan:
Contact us for advice in determining if you woud qualify for a Superannuation Fund Loan, and assistance with the entire process.