Home arrow Mortgage Forums arrow Loan Talk for First Time Home Buyers arrow

Need Mortgage for and Investment Property

Author Message
Icon Mini Profile picture121





Joined: 21 Sep 2008

Posts: 15

8.62 Dollars($)
Post Posted: Sun Feb 20, 2011 3:55 pm    Post subject: Need Mortgage for and Investment Property
Like 0
Dislike 0

My Mom and I have identified a 4family we would like to purchase for investment (NJ). Its a great investment and we have the dp. We are unsure how to shop for the lender to finance our investment. We are aware we would be hit with points/fees, but which lender would offer us the best product?
Can anyone offer some advice? How do we shop for the best and lest expensive loan?
Icon Mini Profile brian1
brian1
Community Expert
Community Expert

best lender badge

Joined: 14 Jun 2008



Posts: 448
Location: Northern California
15.61 Dollars($)
Post Posted: Sun Feb 20, 2011 4:03 pm    Post subject:
Like 0
Dislike 0

Any lender should be able to help you - it will have to be a conventional loan since that is the only product out there for investment
Do you know if you qualify? There is a lot more to an investment that just having the down payment - Credit scores/income/reserves etc will be looked at - Good Luck it can be a great way to secure your future if it all comes together

_________________
Licensed Broker 50 states
http://www.aimwithfocus.com Live Chat available
Need quick advise email or PM Glad to help
Pre-approvals www.applyonlinesecure.com
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights

Bookmark this page

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.100 seconds.