Are You Ready to borrow for a residential investment property?

A little creativity and preparation can bring financing within reach for many real estate investors. If you’re ready to borrow for a residential investment property, these five tips for financing can help improve your chances of success. 1. Make a sizable down payment

Can you get a loan on an investment property?

Many banks, mortgage lenders, and other lenders are happy to lend on investment properties as long as you meet lending criteria, which are stricter than for your main home. In addition, investment property loans are easier to find when the economy’s doing well.

How do investment property loans work?

Investment property loans are a lot like ‘standard’ mortgages, provided you want to buy a home with 1-4 units. Verify your investment property loan eligibility. Start here The application and approval processes work the same way, and mortgage rates are usually less than 1% higher than for a standard mortgage.