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 » A Guide to Leavenworth, Washington Condos

A Guide to Leavenworth, Washington Condos

Topic: Mortgage

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artitaya
The 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.
read more... 05/01/2012

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