Chapter 8
Financing Your Property Purchases
IN THIS CHAPTER
Understanding lender financing options
Selecting the best mortgage for your situation
Looking at home equity loans
Seeking seller financing
Knowing which mortgages to avoid
We know property investors who spent dozens to hundreds of hours finding the best properties in great locations only to have their deals unravel when they were unable to gain approval for needed financing. You can’t play if you can’t pay.
This chapter covers the financing options you should consider (and highlights those that you should avoid). We explain how to select the mortgage that is most appropriate for the property you’re buying and your overall personal and financial situation. In Chapter 9, we cover the actual process of applying for and locking up the specific loan you want.
Taking a Look at Mortgage Options
Although you can find thousands of different types of mortgages (thanks to all the various bells and whistles available), only two major ...
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