Current Mortgage Rates on Investment Properties

Aurum and Sharpe was founded in 2017 by me, Bryan Hanley, and one of my best friends, Rudy Renelique. After many years working at big banks like Chase, and Wells Fargo, we decided we could bring value to a mortgage market that was starving for independent thinkers. So we started Aurum and Sharpe over a phone call about financing a multi-family deal in Brooklyn. Since starting this business we’ve been on many adventures from financing a $20 million portfolio of single families, to meeting the President of Rwanda and Finance Minister of Namibia.

Rudy has gone on to start his own firm, Overture Capital, while I’ve stayed on to grow Aurum and Sharpe. Aurum is the original Latin word for gold (that’s why the periodic table has it listed at Au). We chose it because we think of our word as “as good as Gold.” And in that vein, we want to add value to every customer we come in contact with. Our promise is that by working with us, you will increase your Freedom, Purpose, and Fulfillment.

Our process includes learning your overall objectives and where you want to go in your life so that we make sure your financing enhances your life and gets you to your destination much faster. What that means though, is that we are not like every other broker on the street that will only do a surface level amount of learning about you, your life, and your motivations. For us, that is Gold. We want to learn how we can tailor your financing so that you thrive in your life! So before we talk about rates, terms, or anything else, we are going to try and figure out how to add value through financing.

We know this approach isn’t for everyone. But if this resonates with you, lets talk: 917 475 6207

September 30, 2022

Current Mortgage Rates on Investment Properties

Purchasing an investment property or a rental property is one of the easiest ways to make money off real estate. These properties allow you to generate income from rental payments or equity appreciation, i.e., holding on to the property for a while and then selling it for a profit. Purchasing and holding this kind of property carries risks, just like any investment, and the financing criteria are considerably different from those for a permanent dwelling. This piece explores the current mortgage rates on investment properties, as well as other requirements needed to make an investment property purchase. What are Mortgage Rates on Investment Properties? An investment property mortgage refers to a loan obtained to purchase an income-generating property. This loan is typically secured by the property purchased with it. Thus if the borrower defaults on the loan payment, the lender […]