Investing and Investment Property Mortgages
Updated: May 14, 2021
Investing in rental property mortgages pretty much speak for itself: you buy a property that you rent out to tenants.
This is one of my specialty! If this is your first time venturing into investing in rental properties I have plenty of valuable experience to help guide you in the right direction. Whether you want a mortgage on a property that is purchased for investing in residential or commercial space, you’ve come to the right place.
Investing in rental properties can also appeal to those who own other properties and want to re-finance and acquire more. A bank will typically only support one or two properties, so this is where finding a mortgage broker can really help.
I will sit down and review your entire profile with you in order to get you properly positioned.
In other words, I have a holistic approach to property investment, and will offer competent guidance on the best course of action in managing your multiple mortgages and maximizing your return on investment.
What You Should Know About
Because this industry is riddled with fraud, lending rules in the industry tend to be hampered. Whether you are investing in your first property or trying to re-mortgage an existing rental property, you should consider the following:
- Minimum down has to be atleast 20% when investing ;
- More documents are likely required by the lender;
- Every dollar of your rental property mortgage should generate at least $1.10
- The more properties you acquire the less options available to you for lenders.
Want to know where you stand with regard to investing in real estate and eligibility for a mortgage? A Strategy Session is your best bet. Mortgage Delivery Guy will review your situation in depth, explain aspects of the business less known to consumers, and provide a clear overview of your options.
To find out more on specialty products, call to arrange a Strategy Session today.
Providing Speedy and Ultimate Mortgages For Investing in Real Estate.