Owner-occupier loans vs investor loans.

When you apply for a home loan, you do it either as an owner-occupier or as an investor. The difference isn’t trivial – it has a big effect on the rate you get and on what you’re allowed to do with the property.

Here's the difference:

• Owner-occupiers are home buyers who are buying a house that will be their primary residence
• Investors are purchasing property to rent it out or otherwise use as a source of investment.

In general, borrowing as an investor will attract a higher interest rate and require a bigger deposit.

If you’re not sure which side of the fence you fall on, just ask – call us on 13 15 63.