faq: Frequently Asked Questions by Investors Buying Homes
- 11/27/07 03:14 PM
Frequently Asked Questions by Investors Q: What is the cost of investor money? A: Compared to an identical loan for purchase as owner occupied, an investor loan will cost approximatley 2% in origination. (That doesn't mean you have to come to closing with 2% because you can raise the interest rate and still have a no-points, no-origination loan.) Q: Is there any relatively easy way to drive that cost down? A: If the property could reasonably be seen as a second home AND you do not require the income from the property to qualify for the loan, then you may want … (0 comments)
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Frequently Asked Questions by Investors Q: What is the cost of investor money? A: Compared to an identical loan for purchase as owner occupied, an investor loan will cost approximatley 2% in origination. (That doesn't mean you have to come to closing with 2% because you can raise the interest rate and still have a no-points, no-origination loan.) Q: Is there any relatively easy way to drive that cost down? A: If the property could reasonably be seen as a second home AND you do not require the income from the property to qualify for the loan, then you may want … (0 comments)
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