Investment properties can be a great way to increase your assets and your wealth. They can also provide a steady revenue stream by being rented out, leased, or used as holiday homes for tourists.
In some cases 15% to 20% or more is required to purchase your investment property. It’s important that you have the budget to handle the investment purchase. If you’re just starting your journey in real estate investing, you might not have enough cash on hand to purchase an investment property in its entirety. WHERE WE CAN HELP: Depending on the the overall purchase situation we can use the rental income to supplement your the loan your applying for.
If the rental income of the property covers the monthly payment and the percentage of service ratio this program will help you qualify to buy the rental property. This program is called a Debt Service Coverage Ratio.
Acquiring a loan for an investment property requires a different approach. Don’t hesitate to contact a few lending institutions through mortgage companies such as our own. This can help you better understand the loan programs that will work best for you and your personal goals. Please call for details because these investment programs do change upon market condition.
-
How long has Vision One Home Loans been in business?
The president of the company has been in the mortgaage industry over 16 years and decided to open Vision One Home Loans in 2019 in order to offer tailored and exclusive mortgage loan programs to his clients.
-
Does Vision One Home Loans offer low rate programs?
We take a wholesale approach to retail lending. We offer different type of loan program that work for you. in many cases better loan options and programs with better rates. We stay competitive and monitor the markets on a daily basis.
-
Does Vision One Home Loans accommodate Spanish speakers?
We speak fluently in Spanish and English.
