Full Rental Property Financing

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Full Rental Property Financing
(presented by www.refinance-refinance.net - mortgage lenders)

By Ben Afzal

Rental Property Financing

Rental property financing is usually more expensive and harder to get than regular property financing.

Rates are higher, fees are higher, loan conditions stricter, credit ratings higher, and other loan factors all add up to make it harder to investors to get mortgages on good terms.

Recently some mortgage lenders have begun to offer 100% financing to rental property borrowers.

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This includes many different property types, including single family residences, condominiums, townhouses, and 1-4 unit properties.

Generally larger properties (5+ units) do not have 100% financing currently available. These types of properties usually require a much larger down payment.

Advantages of 100% Financing

This type of financing allows the borrower to get the maximum possible leverage on their real estate investment.

In this case the most a borrower needs to come up with is closing costs, which may be 1% - 2% of the loan amount. A borrower may also be able to have closing costs included in the loan as seller credits

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This entry was posted on Wednesday, October 18th, 2006 at 2:29 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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