Posted on: 26th Jan, 2009 04:03 pm
Who still does non owner occupied loans in California?
Hi ML!
Welcome to forums!
Not all lenders will be ready to give you a non owner occupied loans in California. You will have to speak to the lenders of your area and check out with them. Moreover, you should also note that non-owner occupied loans may have higher rates than owner occupied home loans. So before taking a loan, you should do some mortgage shopping which will help you in knowing the rates and terms.
You may also speak to the lenders of this community and seek a no-obligation free mortgage consultation from them which will also help you in knowing the type of rates you may expect to get.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
Not all lenders will be ready to give you a non owner occupied loans in California. You will have to speak to the lenders of your area and check out with them. Moreover, you should also note that non-owner occupied loans may have higher rates than owner occupied home loans. So before taking a loan, you should do some mortgage shopping which will help you in knowing the rates and terms.
You may also speak to the lenders of this community and seek a no-obligation free mortgage consultation from them which will also help you in knowing the type of rates you may expect to get.
Feel free to ask if you have further queries.
Sussane
can my parents carry the loan without it being considered an investment property
Hi ann!
Welcome to forums!
A loan can be taken out on a normal residential property. Taking out a loan doesn't mean that the property will be considered as an investment property.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
A loan can be taken out on a normal residential property. Taking out a loan doesn't mean that the property will be considered as an investment property.
Feel free to ask if you've further queries.
Sussane