Most popular mortgage loan programs used to finance investment properties are those with minimum monthly payments, such as Adjustable Rate Mortgages, Hybrid Mortgages with an initial fixed rate period of three to five years, and mortgage programs with a 30-year amortization but are due in 5 or 10 years. All these loan programs also have one common characteristic, a lower starting rate than Fixed Rate Mortgages. Most investors prefer low monthly payment loans simply to avoid monthly out-of-pocket expenses. Everything else being equal, an investment with cash inflow beats one with cash outflow any day.

100% Financing is available for Single Family Residences, Duplex, Triplex, and Quads or Fourplexes.

Should you pay "points" to get a better rate?

Do you plan on keeping your loan for a while? Then it may make sense to "buy" a lower interest rate by paying one or more "points."

Even if you're unsure of how long you plan to keep your mortgage before you move or refinance, paying points now for a lower rate may make sense. For example, do you have a high-paying job now but you think you might change careers in the next few years? Talk it over with a qualified Mortgage Planner. Its part of a Mortgage Planners job to help you find the right loan for your means and goals.

If you look at a comparison of 2 different loan programs, one with points and one without points, laid out by a mortgage professional, you will be able to see your total cost of the loan for each program. The most important factor here is the amount of time you plan to hold this property before refinancing or selling. This will help you make the decision rather quickly.