To lenders, real estate that isn’t a homeowner’s primary or secondary residence is considered an investment property. Financing these properties can be a challenging endeavor, but also an extremely rewarding one.
The are many incentives to buying an investment property. Oftentimes, a buyer purchases the property with the intent to generate a future profit through rental or sale of the home. They may also invest in order to reap tax benefits or develop their investment portfolio.
Regardless of your reason for acquiring an investment property, the process requires thoughtful preparation and a strong awareness of your goals and financing options. Guidelines and regulations surrounding investment property loans differ from primary home mortgages in that they are generally stricter. This is because investments inherently carry more risk than a traditional home purchase.
An experienced lender like Global Equity Finance can work with you to understand your investment property goals and then select an ideal financing option based on your specific desires and needs.