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If you have good credit but not high income and you are interested in purchasing for investment purposes what are your chances of being approved for a loan?
Pretty good if your credit score is high enough. You possibly could qualify for a "Stated Income" loan. On investment property for a stated income loan you normally would have to have a 10% down payment. You can get into a mortgage loan with a lesser down payment going this route, but, you'll definitely be paying for it in your interest rate.
What else can I help you with?
Where can I find a buy to let mortgage for purchasing investment properties?
You can find buy-to-let mortgages from banks, credit unions, and specialized lenders. These mortgages are designed for purchasing properties to rent out for investment purposes. It's important to compare rates and terms from different lenders to find the best option for your investment goals.
Can a business purchase stock for investment purposes?
Yes, a business can purchase stock for investment purposes.
Is this information provided for educational purposes only and should not be considered as investment advice?
Yes, this information is for educational purposes only and should not be considered as investment advice.
What factors should be considered when buying assets for investment purposes?
When buying assets for investment purposes, consider factors such as the potential return on investment, the level of risk involved, the liquidity of the asset, the market conditions, the investment timeframe, and your own financial goals and risk tolerance.
What are the benefits of using MMDA1 TD Ameritrade for investment purposes?
The benefits of using MMDA1 TD Ameritrade for investment purposes include access to a wide range of investment options, competitive fees, advanced trading tools, and research resources to help make informed investment decisions.
What is Foreclosure investment?
The process of investing in real estate for investment purposes by purchasing property at cheap prices because it is in foreclosure. It is a very speculative and time consuming investment.
Where can one get a loan to invest money?
One can receive a loan for investment purposes at many banking institutions. SunTrust offers their customers loans to use for investment purposes. However, one has to get approved for these loans.
Would you consider purchasing a prison for investment purposes or any other reason?
Purchasing a prison for investment purposes or any other reason is a complex and controversial decision that requires careful consideration of ethical, social, and financial implications. It is important to thoroughly research and understand the consequences and responsibilities associated with owning a prison before making such a decision.
Where can I find a buy to let mortgage for purchasing investment properties?
You can find buy-to-let mortgages from banks, credit unions, and specialized lenders. These mortgages are designed for purchasing properties to rent out for investment purposes. It's important to compare rates and terms from different lenders to find the best option for your investment goals.
Can a business purchase stock for investment purposes?
Yes, a business can purchase stock for investment purposes.
how to get non-institutional financing for investment purposes?
Non-institutional financing can be obtained for investment purposes by completing the application process for an organization that makes its own money, or an individual. Simply ask a good friend or family member to make a loan to you for investment purposes.
Is this information provided for educational purposes only and should not be considered as investment advice?
Yes, this information is for educational purposes only and should not be considered as investment advice.
What factors should be considered when buying assets for investment purposes?
When buying assets for investment purposes, consider factors such as the potential return on investment, the level of risk involved, the liquidity of the asset, the market conditions, the investment timeframe, and your own financial goals and risk tolerance.
What are the benefits of using MMDA1 TD Ameritrade for investment purposes?
The benefits of using MMDA1 TD Ameritrade for investment purposes include access to a wide range of investment options, competitive fees, advanced trading tools, and research resources to help make informed investment decisions.
Example of investment?
Any residential property acquired for the purposes of making a profit, not for the purposes of residence/living in such as a dwelling.
What is the function and purposes of the executive branch?
propose legislation to be approved by congress
Why would someone sell a house to an LLC?
It is common for a Limited Liability Company to acquire real estate, especially for investment purposes or to remove it from individual ownership.It is common for a Limited Liability Company to acquire real estate, especially for investment purposes or to remove it from individual ownership.It is common for a Limited Liability Company to acquire real estate, especially for investment purposes or to remove it from individual ownership.It is common for a Limited Liability Company to acquire real estate, especially for investment purposes or to remove it from individual ownership.
