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Purchasing: Investment Property

An investment property is a great opportunity to provide you with financial and personal benefits.

What is considered an investment property?

To begin, an investment property may consist of an apartment building, duplex, single family dwelling. Vacant land, or commercial property.  In other words, any property that the owner does not primarily inhabit and can be used for financial gains.

What are these gains?

Some of these gains include the use of said property to obtain rental income that could be used to pay off mortgages.  Some investment properties may award you with potential tax refunds.

What must I consider when purchasing an Investment Property?

  • Interest rates tend to be higher and require larger down payments
  • Must be aware of the financial obligations and expenses that come with having tenants
 
With further questions, contact one of our mortgage consultants.

Mortgage World Bankers, Inc.
(NMLS Company ID# 7116, www.mwbankers.com) in New York holds a Mortgage Banker License (# B500764) and Mortgage Banker Branch Licenses for Astoria, NY (NMLS ID 558838), (NMLS ID 1081208) and for Flushing, NY (NMLS ID 64452) Branch Offices approved by the New York Department of Financial Services, Phone(212)709-3500; in New Jersey holds a Residential Mortgage Lender License (#9947218) and a Residential Mortgage Lender Branch License for Englewood Cliffs, NJ Branch Office (NMLS ID 336925) approved by the New Jersey Department of Banking and Insurance, Phone: (609)292-7272; in Connecticut holds a Mortgage Lender License (# 12674) approved by the Connecticut Department of Banking, Phone: (860)240-8140; in Florida holds a Mortgage Lender License (# MLD638) approved by the Florida Office of Financial Regulation, Phone: (850)410-9895; and in Pennsylvania holds a Mortgage Lender License (# 29750) approved by the Pennsylvania Department of Banking and Securities, Phone: (717)787-2665.