Can I Afford Investment Property?

Many people can afford investment property.

Even if you are maxed out on your monthly housing payments already, you can and should consider investing in real estate.

Depending on the property and your circumstances, investment property can

1. Increase your gross pay
2. Decrease your current income taxes and
3. Build long term equity to save up for future expenses (college, wedding, boat, ???).

The right lender will consider all of these factors when deciding how much you can afford. While the loan you received for your primary residence is based on your historical earnings, loans made on investment property takes future income from the investment property into consideration, opening doors of opportunity for you.

If you need to find financing, visit our In-house lender REALending to find out what type of investor loans you qualify for, and how much you can afford, then contact us to discuss the best way to find property that will meet your needs.

If you prefer, use the contact form to request of other reputable mortgage lenders in the area. It is often a good idea to get more than one quote, to ensure that you are getting the best deal.