When you are looking to invest in property, it is vital to understand the relationship between property classification and loan types. The type of property that you intend to purchase affects the mortgage rate that you can receive. In general, there are three classifications of property; primary residence, secondary residence, and investment property. Let’s take […]
If you invest in real estate, chances are you’ll need to secure a loan at some point in your venture. Lenders will build your loan based almost entirely on your credit risk and financing real property can be costly with a less than desirable credit score. The lower your credit rating, the more your financing […]
Real estate investing continues to be among the most popular methods of creating wealth. As the saying goes in real estate, you make money when you buy property, not when you sell it, meaning your future profit is determined by what you pay for the property. The bottom line is that when purchasing real […]
Whether you are hoping to purchase your first home or expand into investment opportunities, understanding mortgage loan terminology is key to determining what loan will best suit your needs. While there are many facets to the loan process, there are specific critical terms used in mortgage lending that you should be familiar with to […]
To some people who have never tried to secure a mortgage or refinance a real estate property, it might not be immediately clear why you would use a company like Loanbidz to make one of these deals happen. However, if you’ve ever been on a certain side of the settlement table, you know from the […]
When discussing commercial real estate properties, this typically means mixed-use buildings, apartments, warehouses, offices, industrial spaces, and retail structures. If you have invested in residential properties in the past and are interested in commercial property investment, you may be looking into some of these options. However, before diving in, headfirst, it is essential to know […]
An investment property loan is typically found using an online mortgage provider, national banks, and investor-only lenders. The loan amounts for investment property will usually range between $45K and $2 million, and sometimes higher. The rental property loans will usually require you to pay a down payment of 20 percent. The buy and hold investors […]
The market for real estate today is more competitive than ever. With housing stock low across the country, more buyers are entering the fierce competition. You have to make use of any edge you can overcome the competition. One way of gaining an advantage is through using a loan officer. It is for this reason: […]