Did you know that the percentage of conventional (fannie/freddie) mortgages closed per year for NOO (non-owner occupied) is less than 2% of total GSE (government-sponsored enterprises) fundings? What does that actually mean then? That 98% of the industry professionals cater almost exclusively to OO (owner-occupied) loan transactions. This detail is especially important when selecting the lender that will support your real estate investing needs. Like anything lenders, and underwriters, processors, loan officers, appraisers, escrow officers etc. etc. etc. are not created equal. Working with a team that is not familiar with the very detailed very specific differences that an investment property loan transaction creates can and often will be to your distinct disadvantage…Now you know.
To learn more about this and so many other important topics related to real estate financing and strategies, call us now!
As always RLG is at the ready waiting to support all your investing needs.
