Stewart Brown Jr – Mortgage Loan Originator – Purchase or Refinance
| Investor loans, (also sometimes called investment property loans), can help a buyer that intends to fix and flip a home and then subsequently sell it or intends to rent out the home for a profit purchase a property. There are several types of investor loans available, such as hard money loans, conventional investor loans, FHA or VA multi-unit financing, etc. Generally, investment loans are used to buy multi-unit properties, condominiums, or houses. It is important to note that the property cannot be the buyer’s main residence, however, if it is a multi-unit residence, it may be possible for the borrower to live in a unit. Since the investment sometimes may not always be successful, and because the borrower may already be obligated to pay a mortgage on their primary residence, investor loans are considered a high risk to lenders. Therefore, investor loans tend to have stricter qualifying requirements, may require a higher down payment, and have higher interest rates. Despite these factors, investor loans offer a borrower many benefits, including providing a supplemental source of monthly income and tax benefits. |
| Investor loans, (also sometimes called investment property loans), can help a buyer that intends to fix and flip a home and then subsequently sell it or intends to rent out the home for a profit purchase a property. There are several types of investor loans available, such as hard money loans, conventional investor loans, FHA or VA multi-unit financing, etc. Generally, investment loans are used to buy multi-unit properties, condominiums, or houses. It is important to note that the property cannot be the buyer’s main residence, however, if it is a multi-unit residence, it may be possible for the borrower to live in a unit. Since the investment sometimes may not always be successful, and because the borrower may already be obligated to pay a mortgage on their primary residence, investor loans are considered a high risk to lenders. Therefore, investor loans tend to have stricter qualifying requirements, may require a higher down payment, and have higher interest rates. Despite these factors, investor loans offer a borrower many benefits, including providing a supplemental source of monthly income and tax benefits. |
Reach out to me for further detailed information on Investor loan programs.