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 for income. This type of financing loan is frequently used for purchasing single family homes, duplex’s, multifamily homes, office buildings, apartment buildings, etc. 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 investor mortgage rate of an investment property mortgage to be somewhat higher than the mortgage rate quote of your home, our highly experienced staff at Avrus Financial SM will help borrowers get the absolute best current mortgage rates for investment properties possible. To aid in this process, borrowers should save up enough money to put at least 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 in place since many investor mortgage rate lenders will be asking about it.
Whenever you consider its time to refinance investment property, you should compare refinance mortgage rates. A real estate investor always considers refinancing if, in the long run, it will save them money.
Before you refinance your rental, it’s important to know what questions to ask, research what options are available, and determine whether or not to refinance, and it will benefit your pocket. Once you decide that an investment property refinance loan will help you meet your goals, be sure you understand the process so that you know what to expect.
Together with the help of our loan consultants, we will get borrowers the funds they need to purchase their investment properties quickly and with the lowest interest rates.