investment

4 minutes read
Investing in real estate can be exciting and scary at the same time. While you might stand to make a decent profit, there is always the chance of serious loss too. Before you buy a home for rental purposes, consider what you should look for to make the most of your investment. WHAT’S ITS CONDITION? What are you looking for in a rental home? Are you the type to buy fixer-uppers, make them pretty and then rent...
4 minutes read
If you are in the market to buy an investment home or second home, you should know that your mortgage terms will be different. By different, we mean more costly. There’s one main reason lenders charge you more – it comes down to the risk. Compare Offers from Several Mortgage Lenders. If you are not living in the home that you borrow the money to buy, you are more likely to walk away from it should you end u...
4 minutes read
Lenders base your interest rate on the riskiness of your loan. Once a lender decides how likely you are to default on your loan, they determine your interest rate. They look at factors such as your credit score, debt-to-income ratio, and type of income. One more factor they consider, though, is the type of home. If it’s not owner-occupied and is an investment, it adds another layer of riskiness for the lender...