Investing in actual property may be a superb technique to construct wealth, however discovering the best financing generally is a problem. That’s the place MortgageDepot is available in. As a mortgage dealer, we work with quite a lot of lenders to seek out the best mortgage product in your wants. One of many choices we provide is Investor Money Stream loans.
Investor Money Stream loans are particularly designed for non-owner-occupied properties. They don’t require revenue or job verification, making them an amazing choice for buyers who may not have a conventional job or regular revenue. Moreover, no reserves are required, so that you received’t must have a sure amount of cash saved as much as qualify for the mortgage.
Listed below are some key options of Investor Money Stream loans:
- Mortgage quantities as much as $3 million: Whether or not you’re trying to spend money on a single-family house, a rental, or a multi-unit property, we will help you discover a mortgage that meets your wants.
- 5-year/7-year ARM and 30-year mounted choices: Relying in your funding technique, it’s possible you’ll choose a mortgage with a hard and fast rate of interest or one with an adjustable charge that might prevent cash within the brief time period.
- Curiosity-only (IO) choice accessible: In case you choose to solely pay the curiosity in your mortgage for a sure time period, we will help you discover a mortgage that gives that choice.
Investor Money Stream loans can be found for quite a lot of property varieties, together with single-family properties, condos, townhomes, condotels, and non-warrantable condos. The loans are additionally accessible for 2-4 unit properties, which may be a good way to construct wealth by means of rental revenue.
At MortgageDepot, we perceive that each investor is completely different, and we work with you to seek out the best mortgage product in your wants. Whether or not you’re simply beginning out otherwise you’re a seasoned investor, we will help you discover the financing that you must obtain your objectives.
In case you’re fascinated by studying extra about Investor Money Stream loans or any of the opposite mortgage merchandise we provide, don’t hesitate to succeed in out to us. We’re right here that can assist you construct your actual property portfolio and obtain your monetary objectives.
Join with one in all our mortgage consultants to study extra.