What are investment properties? Archives

September 30, 2022

Published by Bryan Hanley at September 30, 2022

Mortgage Rates for Investment Properties in New York

Also known as the “big apple,” New York is touted as “the city that never sleeps.” A concrete jungle where dreams are made, and people form from the school of hard knocks. It’s said that if you can make it in New York, you can make it anywhere on earth – but first, you need to make it in New York. Making it in New York often requires that you have investments. These can be stocks, mutual funds, real estate, or whatever tickles your fancy. Like in any other place, you typically need a mortgage to invest in New York real estate. However, New York isn’t quite like any other place – Things are “extra” over here, and mortgage rates aren’t quite the same. Before taking a mortgage in New York, you must calculate how much it will cost, especially […]

September 27, 2022

Published by Bryan Hanley at September 27, 2022

What you must know about getting a mortgage for an Investment Property

Owning an investment property is a wonderful way to diversify your portfolio, whether by flipping it for profit or generating passive income through rent. However, there is typically a large start-up cost associated with real estate investing. Luckily, investment property loans are available to help you turn your dream of being a landlord into reality. You must fulfill various requirements to get a loan for an investment property. Understanding how investment property loans work, the different types, and the specific conditions associated with each help you make the right decision. This piece covers all you need to know about getting a mortgage for an investment property. What are investment properties? Real estate purchased to make money, whether through appreciation or rental revenue, is referred to as an investment property. Investment properties are often bought by a single investor, a couple, […]

September 20, 2022

Published by Bryan Hanley at September 20, 2022

How to Qualify for a Loan for an Investment Property?

When it comes to investments, there aren’t many sectors better than real estate. Real estate provides ample opportunity to make money either by holding on to property till it appreciates, quickly flipping properties for a profit, renting out a property, etc. Unlike stocks, real estate investment requires large capital. Luckily, several loans are available to help you achieve your dream of being a property owner. However, the type of loan you can access depends on several criteria, including the type of property you wish to invest in. If you’re interested in making passive income from your property, then an investment property loan is right for you. While these loans work similarly to regular mortgage loans, the requirements to get them are usually stricter. Here, we take a look at investment loans, their requirements, and how you can easily qualify for […]