2 August 2008
How to Get Every Penny You Need to Invest in Real Estate
Posted by James Breen at 8/2/2008 2:58:00 PM
Here, I am trying to take a slightly less passionate look at home loan owner quick. My goal is to provide a set of practical guides that allow anyone to come to logical conclusion about whether you should go out on your own.
Many do take the plunge. It is a big deal.
Regular banks view investment loans as a higher risk. They reason, if the owner is not living in the property, in times of trouble they believe, an investor will opt to pay their own home mortgage first, with less consideration to the investment mortgage. This puts the bank in a very bad position. 100% financing for investment property is difficult to come by to say the least. VERY few lenders will even consider it. If a lender will consider 100% financing, the requirements are hefty. You .. Read the rest of this entry.
I has been suggested that this was a smart ruling: Read the rest of this entry »
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