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Owner Occupier Loans:
Support from Experts

Owner Occupier Loans

An owner-occupier loan is a type of home loan that is used to purchase a property that the borrower intends to live in as their primary residence. Owner-occupier loans are typically used by individuals or families to buy a house or an apartment where they will live, as opposed to an investment property that will be rented out to tenants.

Can you obtain a lower interest rate with an Owner Occupier Loan?

Owner-occupier loans often have different interest rates and terms compared to loans for investment properties. Lenders may offer lower interest rates or more favorable terms for owner-occupier loans because they are generally considered to be less risky than loans for investment properties.

Can you rent out a property that was initially an Owner Occupied Home?

If you obtain an owner-occupier loan, you are required to live in the property as your primary residence. If you move out and rent the property to tenants, you need to inform your lender and your loan may need to be restructured as an investment loan.

Can you claim interest on an Owner-Occupier Home Loan in Australia?

No, you cannot claim tax deductions for the interest on a loan used to purchase or improve your primary residence is typically considered personal interest and is not tax-deductible.

However, there are some situations where you may be able to claim a deduction for the interest on your owner-occupier home loan. For example, if you use part of your home for business purposes or to generate rental income, you may be able to claim a deduction for the portion of the interest that relates to that use.

It’s important to consult with a tax professional or financial advisor to understand the specific tax implications of your home loan and to determine if you are eligible to claim any deductions.

CALCULATORS

Do you want to find out how much you can borrow to purchase your new home?

 

Our borrowing power calculator gives you an initial estimate of what a lender may be willing to lend to you and allow you to see the effect different interest rates and loan periods will have on the amount of money you can borrow, the total interest you pay and your estimated monthly loan payments.


WHY USE SHORE

Free Service

At Shore Financial, our services come at no cost to you as we operate on a commission basis, receiving payment from lenders for the services we provide. This allows us to offer our expertise and guidance without any direct charge to our clients.

Competitive Rates

We offer access to preferential interest rates and services that may not be available through the banking channel. Our competitive service ensures a lending experience beyond what conventional banks typically provide.

Free Valuations

We extend access to complimentary upfront property valuations, providing an added benefit to your clients. These valuations offer an insightful perspective on property without incurring additional costs on your end.

70+ Lenders

Our accreditation enables us to negotiate with a vast network of over 70+ lenders, advocating on your behalf for the most favourable terms and offerings available in the market. Allowing us to tailor lending solutions that align with your finance needs and preferences.

Purchasing a New Home?

At Shore Financial, we’re passionate about helping our clients build wealth through property. Tailored customer service, better than you’ll find with any other broker, is our promise to you.

We’ll also be by your side through the buying journey, making sure you understand the process every step of the way. Our success is tied to your prosperity – so you can be assured that your best interests are our number one focus. You can also keep informed and up-to-date with current home loan data, economic data and trends by visiting our Shore Learn page.

Learn more about our team of home loan experts and how they can assist you on your property journey!

Shore Financial can help you hit your property goals

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