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| | » A Guide to Leavenworth, Washington CondosA Guide to Leavenworth, Washington CondosTopic: Mortgage Please provide us with your opinion on this article: |
NinoYou can roll in other debt to your mortgage dndenpieg on how much you qualify for and how much you intend to borrow. The question of weather you should is a matter of your circumstances. You usually pay less in interest on a car/student/credit card loan over the life of that loan than you would if you payed interest on it over the 30 years of a mortgage. Your mortgage broker should be able to show you what the actual cost would be throughout the life of the loan.
artitayaThe way to make this work is for you to buy a 2 or 3 or 4 flat and live in the building. Otherwise it won't work. Frequently after 4 units, even if owner ocecipud, you make the higher down payment and pay the higher interest rate, but check around with lenders. You need larger down payment for investment, non-owner ocecipud dwellings. It's harder to get loans, there is higher down payment and higher interest rate when not owner ocecipud. Banks only count 65% of rental income as there could be vacancies.FYI: Knowitall, There are wrap mortgages that cover more than one property, but doubt he could get one as a novice real estate investor.
JacobMy father is a coicermmal real estate broker and he has definetly made a very successful living off of it. I dont know exactly how much comission he makes, but I have heard he has made 4 million before on one building, I dont know if that is the highest he has made on one building though. He has sold 70 million dollar buildings before. It definetly makes you much more than residential real estate. And the market doesnt get bad for coicermmal. It is a better market and a smarter choice. Read all comments: 3 |
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