Factors That Affect Interest Rates on Primary Residences and 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 28, 2022

Investment Property Mortgage Rates Vs. Primary Residence

A rental property is purchased through a different process than a primary dwelling. As a result, mortgage rates for investment properties usually are higher than rates for ordinary home purchases, and the criteria for obtaining an investment property loan are frequently stricter. Numerous areas of the national economy are affected by the volatility of interest rates. Most real estate investors are familiar with how interest rates can impact the cost of borrowing. Since lower interest rates make borrowing money more affordable, they encourage home purchases and loan activity on investment properties. Additionally, it may alter the profitability of an investment property or lower your primary residence’s monthly mortgage payment. But interest rates for homes and investment properties operate differently. Let’s examine the different types of mortgages for rental properties in more detail, as well as the variables that influence borrowing […]