Application Center
  Second Mortgage
Home Refinance

Purchase Loans
Debt Consolidation
Free Loan Quotes
  Loan Programs
 
 
 

Find the Best Loan Offer with No obligation.

Apply in 30 seconds with one quick, easy form

Check Mortgage rates & get a free personal loan quote.

Free Loan Quote Click Here



Adding a Second Mortgage to Acquire Investment Property
Nationwide Staff

In a March article in the Los Angeles Times staff writers Tom Petruno and Kathy M. Kristof noted that real estate is still the number one choice of investment in California according to a Los Angeles Times/Bloomberg Poll. They stated that when "asked how they would invest most of a $1 million windfall, 36% of respondents picked real estate." Maybe you're thinking that it would be a great investment for you as well.

The biggest problem for most potential investors is coming up with the cash. You will need a minimum down payment of 10 percent if you are purchasing investment property. If you don't have the cash available, but you own a home with equity, a home equity loan or cash out second mortgage on your primary residence may get you the money you need.

A second mortgage on primary residence resident is typically the easiest second to get. The equity in your home is the fair market value of the property minus the amount you owe on the mortgage. You'll want to look at a variety of products to see what works best for you. An adjustable rate home equity line of credit can be a good decision if you plan on "flipping" the property and selling it within the next seven years, otherwise you are gambling on the interest rates. A fixed rate equity loan gives you more security, but may mean higher payments.

Adding a second mortgage to your primary residence to purchase investment property can make good sense if you are certain you can make the payment on the second mortgage indefinitely. Under the right conditions, it could even be a tax write off. If you decide that it is the right way to invest, just be sure you get the second mortgage before you make an offer to buy the second home so that you know what funds are available to you. Also be sure to work with a reputable mortgage lender that will take the time to explain all your options and help you make the best decision. A bad choice of mortgage product could cost you not only your investment property, but your primary residence as well, so be sure to educate yourself.

Second Mortgage Loans
Cash Back Second Mortgages
Debt Consolidation Mortgage
Home Improvement Loans
125% Second Mortgages
Refinancing Second Mortgage
Flexible 2nd Mortgage Credit
1st Time Homeowner Loans
No Mortgage Insurance
Stated Income Loan Program Fixed Rate Second Liens
No Income Verified Mortgages Interest Only HELOC
Sub-Prime 2nd Mortgage
Bad Credit Second Mortgages Hard Money Lending
Second Mortgage Rates
Get the Lowest Rates!
100% Financing 80/20.
Get rates for Piggy Back Loans, and fixed rate home equity loans.


Debt Consolidation Loans
Pay off credit cards and get a fixed a rate loan that will lower your payments.

Bad Credit 2nd Mortgages
It is time to rebuild your low credit scores and refinance debts and get cash out.

 

 
Apply Online or Call our Friendly & Experienced Loan Department for a Free Quote
 

 
 

This is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. See Privacy for Details.
Nothing on this web site contains an offer promise either to make a mortgage loan or that any participating lender will
guarantee any home loan for any purpose or on any specific terms.
Loans cannot be made online or be approved without an underwriter analyzing your credit score, debt to income ratio and combined loan to value.

Home | Company Profile | Loan Programs | Free Loan Quotes | Warranties and Terms