Can I still
get 100% investment loans? The answer is yes. Although many lenders
are getting rid of the programs, we as mortgage brokers have access
to hundreds of lenders, so we keep all the best programs. Contact us
now to inquire. 100% financing on investment properties can be done up to 4 units. However it is in most cases easier to finance a 2 unit with 100% financing. The rates are generally slightly lower on the 2 family as well.
You can expect higher than normal interest rates on loans for 100% financing on investment properties. Even with the best credit, the bank is taking on additional risk because they are financing all the value of the home, and if times get rough most people will skip the payment on a second or investment home rather than miss a payment on their primary residence.
Purchasing investment property can be a great investment and if done properly can make you quite a bit of money. This is why it is very important to find an honest, educated and hardworking mortgage broker to become familiar with you and your situation and handle all of your home financing needs. There are many people out there who are not even aware that 100% financing on a rental property is available. By choosing the right mortgage program for your rental property(ies) you will be able to maximize monthly cash flow and invest into your future as well. Consult your trusted mortgage broker now to see what you can qualify for.
First Security Mortgage Contact Form |
|