I am planning on purchasing an investment property with 100% cash. I can purchase the property at 60% of market value. I then plan on pulling a loan out for 60% of the market value. Would it be considered a mortgage or a home equity loan? A mortgage currently is about 300 basis points lower than the home equity loan. I am hoping it would be considered a first mortgage because it would not be a second lien position. Thanks
Posts Tagged ‘loan’
Who can help me get an investment loan with a 587 credit score?
02
Apr
I need $75k-$80k for an investment property who knows someone that can help me make this happen I am working and I live in Texas. I need a good deal please help!!!
Where is the best place to go for a real estate investment loan in FL?
02
Apr
I’m looking to buy a property and I don’t have much to put down, what kind of finacial requit\rements do banks usually require to purchase investment properties?
What would be a decent interest rate on a 30 yr mortgage loan for 200K, with 200k down payment?
01
Apr
Credit score is excellent. Investment property. I don’t know how to judge whether my broker is getting me a good deal or not.
The loan is for 200K, the down payment is 200k….the house is 400K.
Can a Small Business loan be used to purchase investment properties?
01
Apr
I’m entertaining the idea of using a small business loan to purchase investment properties for rental income and to renovate certain properties for resale down the road. Anybody have any opinions on this or know anything about it? Is this even allowed? What other options would I have?
Thanks!
Can I get an FHA loan on a home that has tenants?
01
Apr
I am interested in purchasing a short sale that has tenants in place through May 2011. My intention is to occupy the home as soon as their lease is up, but I was told by my mortgage broker that the only way to purchase this home would be as an investment property (with minimum 20% down!!!). Is there any way to get an FHA loan on the home?
Borrowing loan from family to buy an investment house (In Australia)?
31
Mar
If you can answer any of the questions below that would be much appreciated. Thank you in advance.
I am thinking of borrowing money from my aunty, who is willing to lend me the money to buy an investment property for a very low interest rate. She is not a resident of Australia, therefore does not have to fill out the tax return. But she does have a bank account here, where she pays 10% of her interest.
What I want to know is:
Can I still claim that interest on the borrowing on my Tax Return? What documents will I need to proof that I have borrowed money? Do I need some formal documents?
Home equity loan interest is tax deductible?
31
Mar
I have two mortgages – one for primary residence and one for investment property. I know that interest payment on both loans are tax deductible. But if I get a home equity loan against my primary home to pay off my high-interest car loan, the interest on this home equity loan is also tax deductible?
can i get a primary residence loan on a home that is not my primary residence?
31
Mar
I do not own any real estate and the home I want to buy is 12 hours away in another state. If I get a Primary Residence Loan, and the home ends up being an investment property, how does that affect me? Will it only come up if I sell it and am faced with capital gains?
want to buy bank own property need mortgage loan for $10.000 who can do this?
30
Mar
the property needs some work but is a good investment
i really need to find who can finance this loan for me
Loan for investment property.?
30
Mar
If I have a house with no morgage worth about 750K, and about 250K to put down on an investment property, BUT have no income, will I be able to borrow a further 250K from a bank to buy a 500k Investment property?
What is the best home loan for a short term mortgage?
29
Mar
It is for an investment property and I am only planning on holding on to it for 3-5 years. What is the best home loan available with the lowest payment without any differed intrest?
What type of loan is best?
29
Mar
Recently purchased a home with a 30 year fixed at 6.0% and looking to refinance to take advantage of lower rates. Our goal in 5 years is to buy another home and either keep our current property as a rental or buy an investment property. What type of loan would you recommend? A 30-year, a 5/1 ARM or 7/1 ARM? Current pricing for each is 5.375%, 4.25% and 4.625% respectively.