What is an Investment Property Home Loan?
The banks classify an “investment property” as a home that’s “non-owner occupied.” In other words, you plan to rent the home to tenants 12 months out of the year. The main purpose aside from any tax benefit and equity growth is to produce income from the rent you collect. Rental properties can be hundreds of miles from your primary residence or they can be next door.
We can help you understand the costs of owning an investment property. You will need to have all the information to help you determine if investment property you’re considering makes sense.
Apply online today. Our streamlined loan process can move you through the process quickly and efficiently, and with some of the lowest rates available.