Investor CASH OUT requirements have changed
Pensacola, Florida: I am continuing my best best of the best series by choosing articles on different real estate topics beneficial to Pensacola Investors, home buyers and sellers. This weeks topic is on the Investor and who wants to be the next millionaire in Pensacola, Pace, Gulf Breeze, Florida. With a well know, little used strategy we can make you the next millionaire. Unbelievable, put me to the test and see. I hope you find this series to be educational as well as informative. Call me to discuss the use of the of this little used strategy and to discuss how we work and if it will benefit you here in Pensacola, Pace or Gulf Breeze, Fl. Call Charles Stallions 800-309-3414 or E-mail charles@charlesstallions.com. To view short sales, foreclosures and homes in Pensacola, Pace or Gulf Breeze, Florida Click Here.
Are you an investor looking to take advantage of today's housing market?
Real estate investing is not a major venture to undertake for the average person, but it can be dangerous without the proper tools, if its success you looking for.
The best of tools which would go along way in assuring your success in real estate investing, other than financial capital is information. The adage,' knowledge is power' holds a lot of truth when it comes to knowing when, what and how to invest in real estate. Having and using the right information will keep you even when the property markets are experiencing tough times. You can even beat the recession and achieve your wildest dreams.
With that said, in recent days, a new wrinkle has come into the market that is catching investors and the Realtors they rely on for information off guard (heck, even many loan officers). MANY INVESTORS BUY PROPERTY with CASH. Shortly thereafter, and usually after repairing the home, they look to get a standard loan to replace the money they spend on down payment and repair costs
75% LOAN-TO-VALUE on INVESTMENT PROPERTY is now pretty much the rule of the land when using standard Fannie Mae and Freddie Mac financing TO TAKE CASH OUT as lenders everywhere continue to tighten, rather that loosen underwriting guidlines.
Thats right, CASH OUT is 75% loan-to-value on investment property.
So, while investment properties can be a great deal, having the correct information in the pre-purchase stages is very important.
So what about purchasing an investment property? 20% down is still king when buying.
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