7 Important Investor Financing Tips
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1. Know your financing options. Different lenders have different products as well as rates. A mortgage agent will find you the best product and rate.
2. Don’t confuse an appraisal with a home inspection – you need both! An appraisal determines the worth of the property by estimating the market value of the land and building. A home inspection inspects the adequacy and condition of the building and all major systems.
3. Place conditions on your offer. Conditions provide you with the flexibility of withdrawing your offer if you are unable to obtain the necessary financing, or if the inspection reveals structural problems with the property. Even with pre-approval, investors who make an offer without conditions do so at their own risk. investment-financing.php">continue reading>>.
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