Many seasoned investors look to real estate to secure their financial future. Most of the time the investor is tired of the volatility of the stock market, and look to real estate because it historically rises in value over the long-term. Investors then turn to banks and mortgage companies to ensure investor financing. It is not a difficult process to obtain investor financing, but it can get tricky at times.
Securing Investment Financing
Mortgage lenders have a wide variety of loan products for investors. Searching for a lender and specific financing does overwhelm a person. However, with the right broker and use of today’s technology, the entire process runs quite smoothly. Therefore, you may want to take a look at a couple of areas when trying to secure investment financing. If the home you are purchasing is an investment or second home, you can expect to pay a little more in interest. The lender does require some “skin in the game”, meaning you will incur some out-of-pocket expenses. Also, expect a loan-to-value ratio of 80 percent. Typically, lenders do not allow 90 percent or more financing on investment properties. Keep in mind that not all lenders require a LTV of 80 percent, so if you need more financing, there are ways to find a lender who offers more financing for your investment.
How we can Help you with Financing
We are the one of the leading mortgage companies in New York. We will help you secure investor financing at a rate and term that fits your need. We help you find more financing through their network of lenders. We ensure that the transaction goes smoothly throughout the underwriting process. Our team is dedicated to providing you with the mortgage service you deserve.
Contact us at (800)842-2910.