Investment Property Mortgages in Mesa
If you are looking to obtain an investment property, you are going to need to contact a brokerage. A mortgage broker has the resources to connect you with the nation’s leading lenders, ensuring you get the low-interest, high-return mortgage you need to thrive.
As many will attest, there are few brokerage firms as diligent as Pilot Mortgage LLC. We use all the resources at our disposal to pair you with the right lender.
Take the first step to financial prosperity. Pick up the phone and contact us today at (480) 320-2322. We are always ready to take your call.
What Is an Investment Property?
An investment property is any piece of real estate purchased for the purpose of generating income. Income can be generated via property appreciation, leasing, or renting the property to tenants. Investment properties, also known as income properties, fall under the categories of residential, commercial, and mixed-use properties. The terms of your mortgage may vary depending on the type of property you intend to purchase.
Income properties are worthwhile investments for several reasons. For one, they’re the low-risk alternative to stock market investments. Leasing or renting the property to tenants can also ensure you see big returns on your investment quickly.
If you would like to learn more about down payments or rental property mortgage rates, all you have to do is contact us.
Do Lenders Offer Mortgages for Income Properties?
Some lenders shy away from financing the purchasing of investment properties—but not all of them. Luckily, we know which lenders are fitting for your needs and pair you with the most suitable one.
How Much Are Down Payments for Investment Property Mortgages?
A down payment for an investment mortgage is often higher than the conventional homeowner’s mortgage. For properties with five units or more, a 20% minimum down payment is required. If you occupy one of your property’s units, however, the down payment could be as low as 5%. Get in touch with us for more information on the down payment needed for your ideal mortgage rate.
Are Mortgage Rates Higher for Investment Property Loans?
Oftentimes, an investment mortgage’s interest rate is a little higher than the conventional homebuyer’s mortgage. This is because some lenders consider the commercial property market to be a higher risk than the residential market. That said, a residential investment property may have a more favorable interest rate.
Regardless of these factors, the mortgage broker you choose to work with will play a role in securing a preferable interest rate. With us overseeing your applications and acting as your intermediary, you get the lowest interest rate possible.
Schedule Your Investment Mortgage Consultation Now
Obtaining an investment property can do wonders for your financial portfolio—so long as you have the right mortgage to finance the purchase. Follow the lead of countless other borrowers by working with Pilot Mortgage LLC.
With us by your side, you’ll secure the low-interest mortgage you need. Our phone number is (480) 320-2322, and we cannot wait to work with you.