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A real estate investment can diversify your portfolio and produce significant returns on your investment over time. But unless you have cash to buy the property outright without jeopardizing your ...
There are also investment property loans for investors interested in flipping real estate. Rather than generating a steady stream of passive income, flippers aim to purchase a property at a low ...
You can get home equity loans on investment and rental properties, though they may be harder to obtain. To get this type of loan, you’ll usually need a stronger-than-average financial profile ...
HARP 2.0 refinancing is allowed on all occupancy types: primary residence (owner-occupied), second home, or investment (rental) property. However, HARP 2.0 refinancing of investment properties by Fannie Mae and Freddie Mac has higher mortgage rates than for owner-occupied properties.
Protective equity is calculated by taking the liquidated value of the property (the price at which the property could be sold quickly, usually ninety days), and then subtracting any outstanding debt related to the property in the form of existing loans or tax liens on the property. This amount is then compared to a Loan to Value (“LTV”) ratio.
A hard money loan is a specific type of asset-based loan: a financing instrument through which a borrower receives funds secured by real property. Interest rates are typically higher than conventional commercial or residential property loans because of the higher risk and shorter duration of the loan. [1]
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