mortgage

September 13, 2023
Published by Bryan Hanley at September 13, 2023
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5 Super Effective, Killer, Unique Ways Real Estate Investors Find Deals

Real estate investment is a dynamic and lucrative field that offers numerous opportunities for investors to grow their wealth. However, finding the right deals is often the most challenging aspect of real estate investment. While traditional methods such as working with real estate agents or scouring online listings can be effective, seasoned investors often employ more innovative and unique strategies to discover hidden gems. In this article, we will explore five super effective, killer, and unique ways real estate investors find deals. Driving for Dollars One of the most unconventional yet highly effective methods used by real estate investors is “Driving for Dollars.” This technique involves physically driving through neighborhoods, particularly those with high potential for investment, and scouting properties that appear distressed or neglected. This hands-on approach allows investors to identify opportunities that may not be listed on the […]
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May 5, 2023
Published by Bryan Hanley at May 5, 2023
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What is Freddie Mac Small Balance? (For multifamily 5+ unit properties)

Freddie Mac Small Balance is a lending program offered by Freddie Mac, a government-sponsored enterprise (GSE) that provides liquidity and stability to the U.S. housing market. The Small Balance program is designed to provide financing for smaller, multifamily properties with 5 to 50 units. These properties are typically owned by individuals or small businesses and are often located in less urban areas. The program offers competitive interest rates, fixed or floating-rate loan options, and flexible loan terms to eligible borrowers. It also includes streamlined underwriting and financing processes, which can make it easier for borrowers to obtain financing for their properties. Overall, Freddie Mac’s Small Balance program provides an important source of financing for small multifamily property owners, helping to support the availability of affordable rental housing in the United States. The maximum loan amount that can be borrowed through […]
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April 27, 2023
Which cities have rent control
Published by Bryan Hanley at April 27, 2023
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Which Cities Have Rent Control?

There are many cities in the US that have some form of rent control, although the specifics of the policies can vary widely. Here is a list of some of the major cities with rent control policies: New York City, NY San Francisco, CA Los Angeles, CA Washington, D.C. Berkeley, CA Santa Monica, CA West Hollywood, CA Oakland, CA San Jose, CA East Palo Alto, CA Richmond, CA Hayward, CA Los Gatos, CA San Diego, CA Cambridge, MA Somerville, MA Brookline, MA Cambridge, MA Boston, MA Portland, OR Portland, ME It’s important to note that rent control policies are often subject to change and can vary in their specifics from city to city. Additionally, some cities may have other forms of tenant protection laws, such as just cause eviction ordinances, that provide additional protections to renters. Mortgage Rates Calculate Your […]
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April 25, 2023
How To Calculate DSCR
Published by Bryan Hanley at April 25, 2023
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How to Calculate DSCR: A Simple Guide for the Savvy-ish Investor

Are you a real estate investor who’s a bit confused about what DSCR is and how to calculate it? Don’t worry, you’re not alone. DSCR (Debt Service Coverage Ratio) can seem like a complicated financial metric that only the most mathematically gifted investors can understand. But fear not! With a little bit of humor and a lot of patience, we’re going to break it down for you. First things first, let’s define what DSCR actually is. In simple terms, DSCR measures a property’s ability to generate enough income to cover its debt obligations. Essentially, it’s a way to determine if a property is generating enough cash flow to pay its mortgage and other debt obligations. This ratio is important for lenders to assess a borrower’s ability to repay a loan, and for investors to assess the profitability of a potential […]
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October 5, 2022
Published by Bryan Hanley at October 5, 2022
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How to Cash-out Refinance Investment on Your Property: A Step-by-step Guide

Real property is known to be a good investment because historically, its prices are on the up and up. When value appreciates, so does the profit of real estate investors. With that in mind, real property investors should always be on the lookout for ways to expand their real estate portfolio. Cash-out refinancing is one way to do that. What is Cash-out Refinancing? Cash-out refinancing is the process of taking out another mortgage to “finance again” the property. With a refinancing, you can convert your home equity into cash, which can then be used for various things. Since we are talking about property investments, then that cash can be used as a down payment for another property, hence expanding your real estate portfolio. When you apply for a new mortgage, it has to be larger than the balance of the […]
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October 5, 2022
Published by Bryan Hanley at October 5, 2022
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Best Mortgage Rates for Investment Property

One of the various methods to provide income and long-term wealth is purchasing an investment property. However, as with any investment, there are risks associated with purchasing and owning this kind of property, and financing requirements differ considerably from those for a permanent residence. Most people shy away from real estate investment for usually one main reason, and that is: the loans for investment property typically have higher interest rates. When a lender is aware that a property is not your primary dwelling, it raises the buzzer sign of risk. Mortgage rates are usually very high because of the more significant risks associated with investment properties. In addition, lenders are stricter since borrowers are more likely to default on a property other than their primary residence. As a result, riskier investments frequently have higher interest rates and more stringent financing […]
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October 5, 2022
Published by Bryan Hanley at October 5, 2022
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Current Rental Property Mortgage Rates

Investing in rental properties is an approach that can develop into an income that produces long-term wealth. The interest rate is one notable distinction; it is usually higher. Even if financing a home dwelling is simpler than qualifying for a loan for an investment property and its potential rental income. Understanding home loan finance is essential whether you’re planning to buy your first investment property or already have a portfolio of homes. Mortgages for rental properties have higher rates and stricter criteria than mortgages for your permanent dwelling. Just like with permanent residences, interest rates on mortgages for investment properties change over time. Generally, interest rates for homes purchased as investments are greater than those purchased for personal use. This is because banks view investment properties as having a manageable level of risk. For this reason, not all banks will […]
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October 5, 2022
Published by Bryan Hanley at October 5, 2022
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Investment Property Mortgage Broker

A mortgage broker is a liaison between people giving loans to purchase real estate and those interested in doing so. Mortgage brokers assist prospective borrowers in finding the best terms and rates from a lender to suit their needs. Following the 2008 real estate market meltdown, brokers’ business methods were scrutinized, questioning whether they acted in their client’s best interests. However, working with a seasoned, knowledgeable mortgage broker can help you find the ideal mortgage. You can better grasp your short- and long-term investment property goals with an investment mortgage broker. They evaluate your financial condition, contrast investment loans, and can negotiate on your behalf with lenders. They support you throughout the loan application process, from loan selection to settlement. Beyond the settlement, a qualified broker can be of use. They keep you informed of market changes and might be […]
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October 5, 2022
Published by Bryan Hanley at October 5, 2022
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Rental Property Mortgage Rules

A growing number of people in the U.S. are looking at investment properties as the best way to boost their incomes because they prove to be excellent sources of income for ambitious investors. But first-time owners have discovered that buying a rental property is far trickier than anticipated. This is especially true regarding eligibility for that crucial supplementary mortgage, the mortgage for a rental property. A primary dwelling and a rental property are not financed similarly. First-time purchasers should be prepared to meet some rather strict standards before they can expect to be approved for a mortgage because lenders tend to be more cautious about underwriting loans on rental properties. Even though it sounds complex, it simply requires comprehension. In this article, we’ll explain how you can get a mortgage for a rental property, the options available, the requirements for […]
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October 4, 2022
Published by Bryan Hanley at October 4, 2022
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Best way to get a Mortgage for Investment Properties over $3,000,000

Getting a mortgage of over $3,000,000 for investment properties can be challenging as most lenders consider many factors and place stringent requirements due to their risk. In most of America, a home worth $3 million is expensive. Technically, when your income exceeds $3 million, you are officially living in luxury. Admittedly, the average cost of a home in America is over $400,000. As a result, the price of a three million dollar home is 7.5 times the median. In locations like San Francisco, San Jose, Los Angeles, Seattle, and New York, $3 million alone won’t get you home because of its location. The pricey seaside cities have nice homes available for $3 million. However, the location of your $3,000,000 home is important. If you are looking to buy an investment property with a mortgage, there are requirements you need to […]
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