Berj Arakelian discusses loan options for real estate investors.
Listen to the interview on the Business Innovators Radio Network:
A few different types of mortgage loan options are available to real estate investors. The most common type of loan is the conventional mortgage loan, typically used to purchase primary residences. However, investment property loans are also available for those looking to buy rental properties or other investment properties.
Berj shared: “The biggest difference between investment property loans and primary conventional mortgages is the down payment requirements. Conventional mortgages for a primary residence typically require a down payment as low as 3% of the home’s purchase price, while investment property loans require a down payment of at least 20%. The income requirement for an investment property can be different from a primary home. Income for an investment loan can be stated or removed altogether based on the property, and this can make it easier for investors to get started in the real estate market, as they won’t need to verify their current income.”
Investment property loans also tend to have higher interest rates than conventional mortgages, so comparing rates from different lenders is crucial before choosing a loan. Additionally, most investment property loans require borrowers to have good credit, as they are considered higher risk than primary residences.
Anyone considering investing in real estate must be sure to research all their mortgage loan options to find the best fit for their needs. With careful planning and execution, real estate can be a great way to build long-term wealth.
Client Ryan O. says: “Berj is amazing. He handled 7 transactions at once, keeping me well-informed throughout the process. His hard work is much appreciated – 10 out of 10!”
About Berj Arakelian
Berj Arakelian is a doting husband and a proud father of two hyperactive boys. He is also the expert you need to handle all your mortgage affairs smoothly, from start to end, while saving you a lot in time, costs, energy, and frustrations. His skill as a salesman comes naturally, and he has had a lot of years to hone it to perfection and integrate it into the mortgage industry to become a part of his lifestyle. Consequently, it’s easy for him to connect with his clients and liaise with listing agents and home sellers.
Before he got into the mortgage industry, he owned and operated a chain of retail stores generating over $4+ million annually. And in the subsequent years, proceeded to complete over 2,000 financial transactions for families and businesses in the finance, estate, and mortgage industry.
His experience has spanned an incredible track record, specializing in new home purchase, cash-out refinance, high-balance and jumbo loans, and self-employed borrowers. Today, he operates in San Diego, California, with multiple recommendations as a Certified Mortgage Planning Specialist and a certified Mortgage executive. As a retail Branch Manager with USA Mortgage, he works with clients to develop financial solutions they can benefit from, now and in the future. He is your go-to for all your mortgage-related financial planning. And if you are a first-time home buyer, he goes all out to ensure you have an awesome first-time experience.
He stands out for a lot of reasons, but his clients never get enough of his Premium Buyer package. An opportunity that accords all his clients a competitive edge over their competition, by making them a priority for listing agents and sellers. With him, you accomplish your financial goals and become a homeowner in an effortless, stress-free approach.
Book a planning session with Berj today to get that VIP treatment you deserve.
Learn More: https://www.cmgfi.com/mysite/berj-arakelian
NMLS ID NUMBER: 1695267 • COMPANY NMLS: 1820 Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.
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