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Additional <strong>Loan</strong> Products<br />
Since the mortgage meltdown, loan choices for investment properties<br />
are very narrow. Most investors that I deal with typically are looking for longterm<br />
performance from their properties, which means they are looking for<br />
greater peace of mind from a fixed rate loan product. Other investors may<br />
only be looking at a 5 to 7-year strategy and would prefer to choose an<br />
intermediate arm product. These products are amortized over 30 years just like<br />
a 30 year fixed rate, but the start rate is only fixed for a given period of time i.e.<br />
five years, seven years, or 10 years. Each of these products is conventional loan<br />
products that are still delivered to the secondary market.<br />
Some investors that are buy-and-hold don’t need the immediate cash<br />
flow that a 30 your product would provide over a shorter term loan. Shorterterm<br />
loans are great for paying down the loan quicker in addition to getting a<br />
better interest rate. If you can afford the shorter-term products during the<br />
course of the loan to ultimately have a free and clear property come<br />
retirement age, this is also an excellent strategy. No, you cannot have “Your<br />
cake and eat it too.”<br />
Specialty <strong>Loan</strong> Programs<br />
Fortunately, I work for a company that provides a full range of products<br />
and programs that can help investors with most of their financial needs.<br />
Short Term Escrow Holdback Program<br />
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