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If your bus partner and you purchased a res. investment property and he signed for the mortgage but both of you are on the deedtitle can one of you refi a portion of the equity by yourself?
Wiki User
∙ 18y ago
That seems like an error. Go back to the attorney or title insurance agency or whomever worked up and filed the paperwork. Let them know that there seems to be a mistake and that you'd like it taken care of. They should do it all as part of the original fee.
Wiki User
∙ 18y ago
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Where can one obtain investment property mortgage loans?
One can obtain investment property mortgage loans from many banks. For example, in Canada, the banks that offer investment property mortgage loans include RBC, TD, CIBC, Scotia Bank, BMO, etc.
Where can one compare investment property mortgage rates?
There are quite a number of various places that one can go to compare investment property mortgage rates. One of the best places to do this is the Lending Tree website.
What are some benefits of an investment property mortgage?
There are lots of places online where someone can find information. Especially if they are looking to find some of the benefits of an investment property mortgage. Carrying a mortgage on any Real Estate is dangerous. As a business venture (ie. investment property) it is extremely dangerous. For instance, as a landlord, every month that the house is empty, you are still responsible for making the mortgage payment to the bank. If there is no one signed to a lease, and as the landlord, you are out of work, the bank will come and take your investment away. Sell it, and sue you for the difference.
How are commercial property mortgage rates calculated in general?
Commercial property mortgage rates are calculated primarily on the total value of the property being purchased. Other factors, such as down payment and interest rates will also affect the mortgage rate.
Are mortgage payments on an investment property an expense?
Any payments you must make from Gross Income to keep the property running are expenses. Although a mortgage is usually also called a Liability Expense, it is still an expense to run the property.
Where can one obtain investment property mortgage loans?
One can obtain investment property mortgage loans from many banks. For example, in Canada, the banks that offer investment property mortgage loans include RBC, TD, CIBC, Scotia Bank, BMO, etc.
Do you have to carry private mortgage insurance on an investment property?
no
Can you use the money made on an investment property to refinance your primary property into an investment property?
You can spend your profit from your investment property any way you wish as long as you make your mortgage payments. If you want to refinance then you need to speak with your lender.You can spend your profit from your investment property any way you wish as long as you make your mortgage payments. If you want to refinance then you need to speak with your lender.You can spend your profit from your investment property any way you wish as long as you make your mortgage payments. If you want to refinance then you need to speak with your lender.You can spend your profit from your investment property any way you wish as long as you make your mortgage payments. If you want to refinance then you need to speak with your lender.
Where can one compare investment property mortgage rates?
There are quite a number of various places that one can go to compare investment property mortgage rates. One of the best places to do this is the Lending Tree website.
Commercial Mortgages Investment?
Commercial mortgage investment is a loan used to buy or refinance a commercial property.
Can you get a normal mortgage for investment in a UK property or is another mortgage type product available?
If by a normal mortgage you mean a residential mortgage then generally speaking, no - not for investment purposes. However it really depends on what you intend to do with the property, buy the property to rent out (buy to let), buy to renovate and sell (aka 'flip') or any number of other strategies.
What happens if a piece of property you purchased by quit claim deed has a mortgage against it?
You must pay the mortgage or the lender will take possession of the property by foreclosure.
What are some benefits of an investment property mortgage?
There are lots of places online where someone can find information. Especially if they are looking to find some of the benefits of an investment property mortgage. Carrying a mortgage on any Real Estate is dangerous. As a business venture (ie. investment property) it is extremely dangerous. For instance, as a landlord, every month that the house is empty, you are still responsible for making the mortgage payment to the bank. If there is no one signed to a lease, and as the landlord, you are out of work, the bank will come and take your investment away. Sell it, and sue you for the difference.
How does one refinance their investment property?
An individual can refinance his or her investment property by lower one's monthly mortgage payment and increase one's rental income. Use one's equity to purchase additional property.
Are you required to pay taxes on an investment property when your name is added to the deed for refinancing a mortgage?
Yes
What is the amount that you should have to qualify to keep an investment property?
IF you have an investment property the property is yours as long as you own it or can keep up the mortgage payments on it. It would also become a asset that may be ceased if you were made bankrupt.
How are commercial property mortgage rates calculated in general?
Commercial property mortgage rates are calculated primarily on the total value of the property being purchased. Other factors, such as down payment and interest rates will also affect the mortgage rate.
