Mortgages for Income Properties
A lender that specialize in providing mortgages to finance Income Properties will take up to 100% of the net income of the property that you are purchasing in consideration. This is extremely important since it may make it easier for you to qualify even if your personal income is not high. Not all lenders would consider up to 100% of the income of the property and many commercial lenders will also want to know what kind of property you are purchasing and where the property is located.
FIND OUT THE BEST RATES FOR MORTGAGES for INCOME GENERATING PROPERTY
Income properties can be residential homes, multi family properties, commercials properties and others.
Mortgage rates can vary depending on the kind of income property you are looking to finance. If you are looking to get an idea on what kind of interest rates you could get for a specific mortgage for an income property send us few details on the property and we will be able to answer your questions. click here.
fIND OUT HOW THE LOWEST DOWN-PAYMENT YOU WILL NEED TO PURCHASE AN INCOME GENERATING PROPERTY
When purchasing an income property the down payment can be a very important factor. The lower down payment you will need and the more more money you will have left to take care of the property or to buy more properties. Lenders have different requirements depending on the kind of income property that you are looking to finance. If you are interested in getting a income property with the smallest down payment possible contact us you may have more options that you think!