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Tips for Financing Your Investment Property
Tips for Financing Your Investment Property
2017 is literally right around the corner. Do have a resolution to invest in the New Year, in Contra Costa County? 2017 is your time to shine and make your dreams and aspirations come true in the real estate market. Interest rates are remaining low and the investment market is booming in demand. To ensure you are ready, here are some tips to prepare for financing your investment property.
The Down-payment
This is a very important factor to consider when investing. Securing this 20-25% down-payment helps insure you to get a traditional loan, and possibly even a better interest rate.
Is Your Credit Score Ready?
This may sound like a given, however, it is important to go over before headed to the loan officer. A higher credit score makes you a desirable candidate for an investment loan. It also can save you from a fee for the loan based on the score. If you are looking for a good number to start with, 740 is a safe number you can take to a lender.
Neighborhood Banks
Often times, your friendly neighborhood bank can be the best option for you. Maybe you have extenuating circumstances but are still a great ... more

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