by Resi

With all investment strategies, taking tax into consideration is not only important, but appropriate. And this should include your investment property finances too.

One method available with Resi mortgages is to pre-pay interest on an investment home loan. This is called a "Interest In Advance" option and comes standard with our Complete Home Loan.  For those eligible, the borrower pre-pays the next year's interest before the end of the financial year and claim it as a deduction in the current year.

Key features:

• Complete home loan rate: 8.00%
• No ongoing, regular fees
• Interest can be pre-paid monthly, quarterly or annually
• Only available when taken with an interest only loan
• Suitable for property investors who are eligible for tax deductions on interest paid and wish to bring forward this deduction to an earlier financial year
• benefits someone who has a big tax liability one year but not the next. By pre-paying next year’s interest and claiming it now, they can legally maximise the tax benefits of investing

Considering taking out an Interest In Advance option can be advantageous for investors as part of an investment and property strategy. Want to know more? Ask your home loan specialist here:
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Resi recommends you get your own, independent financial and legal advice, before making any financial and investment decision.

Published on: 26/06/2007

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