Investment property loans let you borrow money to purchase a property you don’t intend to live in. Investment property loans usually require a greater down payment and often have higher interest rates than loans for owner-occupied properties.
On the flip side, this can actually be a good thing for investors. A larger down payment means you’re going to have greater equity in the property. Your higher interest rates will come back to you in the form of tax deductions.
While there are a variety of types in the arena of investment property loans, they usually have the following requirements.
We will need to determine which type of investment property loan is right for you based upon your property type and other factors. Contact our team now for a free consultation.
Contact our team for a free consultation.