Avrus Financial SM offers Investment Property, or Non-Owner Occupied Financing, to those wishing to purchase a property that he or she will not live in, but instead rent out to another party. This type of financing is frequently used for purchasing multifamily homes or apartment buildings. Not only will investors earn additional income from the rent, but they can also build significant equity in the homes that they own. Due to the current low prices of real estate, now is the perfect time for people to consider investing in one or more income properties.
Although it is common for the interest rate of an investment property mortgage to be somewhat higher than a mortgage rate quote of an owner occupied property, our highly experienced staff at Avrus Financial SM will help borrowers get the best loan rates possible. To aid in this process, borrowers should save up enough money to put 10% or more down on the property. This will help the borrower receive lower, more manageable monthly payments. They should also have a good credit history and a strong investment strategy since many investors will be asking about it.