An investment property is one purchased strictly for the purpose of generating income. Your investment property is neither your current residence nor your vacation home which is under the use of your family. Investment property is specifically bought with the purpose of renting it out of renovating it to resell at a profitable rate. However, when a family relocates or decides to downsize, a primary residence can become an investment property if it doesn’t need to be sold. Another investor may buy a multifamily property, choosing to live in one part while renting out the other. Other owners may choose to use their investment properties once in a while, or part of the year for vacation purposes.

Investment property can be beneficial in two ways i.e. renting the property will add extra income in your current income and secondly the extra profit that can be gained by selling the property. There may also be tax advantages available, depending on your financial profile. And it seems that investment properties are a smart place to put your money, outperforming even the stock market.

Unlike the stock market, you can enter the world of property investment with a relatively small amount of out-of-pocket money. Among your financing options, you’ll find loans requiring little or no money down. There are even options that let you use the equity from your current home to purchase your investment property. That leaves your liquid cash assets available for other investment opportunities. There are many options that can be considered before applying for mortgage.

Home Equity Financing leverages the equity you’ve established in your primary residence to purchase an investment property. You may borrow up to 100% of your current home’s unused equity. Like getting a new mortgage, home equity financing may be tax deductible.

Renovation Financing is specially designed to provide a single loan that covers both the purchase price of a less-than-perfect property and the costs of renovating it. The loan amount is based on the estimated increased value of your property after your planned improvements are made. That means you can start enjoying the dividends from your investment property right away.

Low Down Payment or no down payment options make a home more affordable. They allow you to purchase a property with little cash out of pocket so that you can begin reaping the rewards of your investment quicker.

No Documentation or limited documentation options are smart choices for the self-employed, those with income that fluctuates from year to year, and people with hard-to-document income sources. These more flexible guidelines get you out of the paper chase and into real estate investing quicker and more easily than traditional lending programs.

Avon Financial aims to fulfill your needs and providing you mortgage services for all sorts of investments. Our mortgage plans have special features that overcome obstacles such as credit issues, hard-to-document income, and lack of savings.

To enjoy our fast, convenient and affordable service, Contact us: info@avonfinancial.com
Ph:905-216-5563

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