- FHA Mortgage Insurance Premium Updates Effective October 4, 2010
- Labor Day Fun Have a Safe and Happy Labor Day
- Financial Preparedness Being Prepared Starts at Home
- Energy Savings Don’t Be Left Out In the Cold
- Cash Out and Pay Off Put Your Equity to Work
- Shorter Term Means Big Payoff Refinance to a 15-Year Loan for Huge Savings
- Refinance Options New Programs for Homeowners
- Keep Your Mortgage Running Smoothly Managing New Lending Guidelines
- Lending Guidelines for Today Keep Your Mortgage On Track
- Income Property It May Be The Right Time to Buy
Are You Considering Purchasing Income Property?
The market and low rates might make it right for you. If you can find a reasonably priced home or multi-unit, it could indeed be a good time to buy. Many authorities think real estate prices will be rising soon, and in many areas they already have.
Consider these points before purchasing:
- Choose a property that creates a positive cash flow
- Review the property’s maintenance history to be sure you are satisfied with its upkeep
- Consider a bank-owned property to take advantage of potential price breaks
- For someone with the right skills, a fixer-upper may be the right fit
With HUD’s decision to temporarily waive their property purchase waiting period (which was designed to stop property flipping), in favor of moving vacant properties more quickly, there may be new options for those willing to take on rental properties.
Talk to your Axiom Financial Mortgage Consultant to learn more about financing for income properties and what your options may be for changing your title from simply “homeowner” to “landlord.”
© 2010 Axiom Financial LLC. All services rendered by Axiom Financial are to assist in providing mortgage loans. Axiom Financial is not a licensed real estate brokerage and offers no advice in real estate services. OAC. Not an offer to lend.
