Finance an Investment Property | Investment Property Mortgage

Investment Property

Refinance

Maximize the return on your investment property.
Find out if you can save money by refinancing.

Home Lost Value

Why refinance an investment property?

To save money or to improve your cash flow. With interest rates as low as they are now, refinancing an investment property could be a smart business decision.

What loan program is best for refinancing my investment property?

That depends on your situation, but here are a few options:

Keep in mind, though, that some programs, like VA loans, are only available for primary residences.

Okay. What else should I know?

Refinancing an investment property isn’t exactly the same as refinancing a primary property. There are some extra qualification requirements you should know about:

Higher LTV requirements. LTV stands for loan to value ratio. The higher the percentage, the riskier you are to a lender. Most lenders require investment properties to have an LTV of 75%, or even lower in certain situations.

Higher interest rates. Lenders take risk into consideration when they do the math on your interest rate. Often, the rate they offer for a second property will be higher than it might be for a primary residence

Other requirements. Some lenders have other requirements, like six months or more of mortgage payments already in the bank, or documentation that proves rental income.

Why use Total Mortgage?

We’re fantastic at what we do, and all we do is mortgages.

Get a personalized rate quote.
Call 203-349-9574 or fill out the form to get started.