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.
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.