
For investment property you don’t usually get mortgages, but you get a different type of loan. What is the name of that type of loan? Thanks

For investment property you don’t usually get mortgages, but you get a different type of loan. What is the name of that type of loan? Thanks

My husband and I are thought of purchasing an investment property by way of using a home equity loan on our first home. Is this a smart thing to do? what are the down sides of it? We don’t have money of our own in the bank to do it, but it seems like a excellent time to take advantage of the changing real estate market.

I’m interested in buying an invesment property but the home needs a small work. I’d like to get a Home Equity Loan to cover some of the renovation costs. Would I be able to get a Home Equity Loan immediately after closing on the mortgage? If not how long must I wait before being approved for the Home Equity Loan?
I’m interested in buying an investment property but the home needs a small work. I’d like to get a Home Equity Loan to cover some of the renovation costs. The asking price of the home I’m interested in is 30% under market value. Would I be able to get a Home Equity Loan immediately after closing on the mortgage? If not how long must I wait before being approved for the Home Equity Loan?
The asking price of the home I’m interested in is 30% under market value.
i reside in North Bergen, NJ 07047 i’m trying to refinance to buy an investment property but i don’t want to lose my low APR rate for a higher rate. i currently have a 5.25 on my 1st mortgage and a 5.8 on my following. lenders now are charging ridiculous closing cost $3,000-6,000. what is the best way to buy an investment property without messing with my current loans?