Hello Commnity

Happy to be part of http://www.homeandsocial.com :)
Rate this blog entry:
Continue reading

What Should You Consider for Mortgages as Investor

What Should You Consider for Mortgages as Investor

Are real estate investors treated the same way as the borrowers who are looking for mortgages and loans to finance their own homes? Maybe yes and maybe not, depends on the way you look at it. One of the similarities is the need for a down payment. 

1. Consider your down payment options

When looking for mortgages and loans, the first most important thing that you need to know is that you need the down payment. Without this one, you will not make any progress in your quest. The most important piece of advice that anyone can give you when you are looking for a mortgage as a real estate investor is that you need a big down payment. 

...
Rate this blog entry:
Continue reading

Understanding the 5 to 10 Property Financing

Understanding the 5 to 10 Property Financing

If you intend to have a string of rental properties to ensure that you continue enjoying a good life even after retirement, you will be happy to know that there is a 5 to 10 property financing plan that seems to work very well. However, research is paramount. Know as much as you can about it first.

Why most lenders are skeptical about 5-10 property financing

Lending institutions are cautious about 5 to 10 property financing goes. They place restrictions on this, tougher than in the ordinary mortgages and loans. While underwriting a 5-10 property financing mortgage application is quite a hassle; many conventional lenders are now ready to finance investors buying more than 4 properties.

...
Rate this blog entry:
Continue reading

What Mortgage Types Do Most Investors Use?

What Mortgage Types Do Most Investors Use?

If you have been in the real estate industry for a while, then borrowing becomes second nature to you. The question is; when should you exactly borrow? Well, for starters, if you have sufficient income from extra sources, a secure salary or if you have managed to source for extra funds, you can boost your loan, especially if the market has indicated a significant drop.  

1. The RRSP Option

You can use your Registered Retirement Savings Plan as down payment for your new investment, but of course, this depends on the mortgage loan provider.  However, don’t worry even if you cannot be allowed to use your retirement plan to fund the down payment because you can still use the equity in your first home. You can borrow against the equity and have your money for the down payment, quite easily. 

...
Rate this blog entry:
Continue reading

All About Zero Down Investing

All About Zero Down Investing

Can you acquire mortgages and loans without putting any down payment up? Or can you acquire a mortgage loan by putting very little down payment up? Yes, you can if you are an investor. It is not very popular, but others do it, so why not you?

Zero down is enigmatic as far as mortgages and loans are concerned. First, many people are of the notion that as an investor, you cannot get a mortgage with a zero down payment. That is not right because with some research, you can find great options and you can make some good business. For example, you can find a lease option buyer and then approach the seller. You can then pay the seller an option fee and have some left over, if you did your math right, or better yet, find the lease option buyer and don’t pay the seller any option fee. You will find that most of them do not even ask for it anyway. 

Unless you can go out there and actually write an offer that will be accepted by the seller, then all of your work will have been for nothing. Thankfully, you can get handy tips about how to make offers that sellers will love. Yes, you can get great real estate offers on the Internet.

...
Rate this blog entry:
Continue reading
To our email newsletter

Write for us

At Home and Social, we want to provide useful information to readers in order to improve their overall home experience. Featuring topics including furnishing ideas, home security, DIY helpful tips, home upkeep, and interior design among others. Our mission is to be the best website...

view all