Think getting financing for a good investment home shall be as simple as your property home loan? Reconsider that thought.
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Lenders are more strict within their underwriting of investment properties and need more cash straight straight down. Why? Simple: Borrowers will default on their always investment home loan before they default to their home loan.
With greater risk comes greater prices, reduced LTVs (loan-to-value ratios), and usually more runaround. (altro…)
- Published in Kansas Installment Loan Online