An investment mortgage is a mortgage in which the property that is being purchased with the mortgage is used as collateral for the loan, in addition to the down payment. The idea behind this type of mortgage is that the property will increase in value over time, allowing the borrower to refinance the loan at a lower interest rate.
The benefits of refinancing your investment mortgage
There are several benefits to refinancing your investment mortgage. First, you can lock in a lower interest rate, which can save you money in the long run. Second, you can get a longer term on your mortgage, which can lower your monthly payments.
Finally, you can borrow more money against the value of your property, which can give you the funds you need for renovations or other investments.
How to qualify for an investment mortgage
In order to qualify for an investment mortgage, you will need to meet certain criteria. First, you must have a good credit score. Second, you must have a down payment of at least 10%. Third, the property being mortgaged must be worth more than the amount of the loan. Finally, you must be able to show that you have the ability to make the monthly payments.
Funding for uk commercial investment financing
Commercial investment mortgage rates in the United Kingdom frequently provide financing of up to 80% of the property value.
To get started with your Investment mortgage, contact a member of our team today.