Bluestar Mortgage of Orlando offers a variety of Investment Property Loans. Give us a call at
321-400-5545 to speak with an Investment Property loan expert who can help you determine if Investment Property Financing is the right option for you. You can also click on the Schedule a free consultation button below.
If you want to venture into real estate investing but do not have enough money on hand, investment property loans might assist you in financing a property to invest. Investment property loans are offered to purchase properties such as second homes, condos, multi-unit residential properties, or vacation homes, to generate a return on the investment through rental income or property resale. Bluestar Mortgage provides a diversity of investment property loans to meet your needs. One option is to utilize the home equity of your house to fund the additional property you want to purchase for investment.
A conventional loan is the most common type secured by investors, as the government does not protect it and conforms to the guidelines set by Fannie Mae and Freddie Mac. However, since this will be an investment property loan, the eligibility standards will be much more rigorous, even though the procedures are almost the same as your primary home loan application. Lenders need to ensure that you are financially capable of supporting the additional property.
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Hard money loans are offered by companies specializing in real estate investment. These loans are often simpler and quicker to obtain than bank loans, as approval is primarily based on the investment property’s value rather than the investor’s income or credit score. This makes hard money loans ideal for buying and flipping properties rather than generating continuous rental income. However, these loans generally come with higher interest rates compared to conventional loans.
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Unlike hard money loans, private money loans come from individuals willing to invest in profitable real estate opportunities. These lenders can be family, friends, or acquaintances involved in the real estate investment community. Typically, private money loans are more flexible, but the approval process relies heavily on your personal relationship with the lender.
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A home equity loan allows homeowners to borrow against the equity in their existing property. Homeowners can often borrow up to 80% of their home’s value. This type of investment property loan is useful if you already own a home and need funds to purchase an additional property.
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If you are interested in an Investment Property loan, call us at:
321-400-5545 to speak with an Investment Property loan expert who can assist you in determining if an Investment Property loan is the right option for you.
We guarantee that we will be able to close on or before your set closing date or we will waive all of our lender fees.
