Important Aspects to Know About SMSF Property Loan
A growing number of Australians are showing interest on taking out Self-managed super fund (SMSF) loan in terms of planning their retirement. These days, Australian government has implemented many strategies to encourage people to plan for their retirement by managing super savings. Due to limited recourse borrowing arrangements (LRBA) you can simply borrow funds from lenders to make investments like commercial or residential property. Let’s understand the important aspects about SMSF property loan . What is SMSF Loan? A SMSF loan is an exceptional mortgage option to purchase investment property outright. When it comes to purchase commercial or residential property there is no better option than tapping into SMSF mortgage for your financial security. As a SMSF member, you can nominate properties to be included in an SMSF and make investments. All running costs are covered by the fund. However, the purchased property can only be used for investment purposes which means borrower and