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INVESTMENT PROPERTY

So now you’ve purchased your own home and now you’re looking to capitalize on building more equity with real-estate. At First Midwest Financial we can help you by offering financing for investment properties. Rather it’s renting or “buying/selling” a property, we have loan products that meet just about any scenario to help you build equity and additional income.

Low rates

Calculator and rate comparison tools

Mortgage comparison charts

Experienced Loan Officers to consult with you on the right solution for you

INVESTMENT PROPERTY SOLUTIONS :
 

CONVENTIONAL MORTGAGES - INVESTMENT PROPERTIES

SOLUTION: BENEFITS: DISADVANTAGES:

30 year fixed

Monthly payments are fixed over the life of the loan

Must maintain PMI until loan reaches 80% LTV

20 year fixed

Interest rate does not change

Payments may change over time

15 year fixed

 No Funding Fee like an FHA loan

Lender paid PMI is available but the cost of your loan increases through an increase in rate

  Some conventional products do not require PMI if you're above 80% LTV but you'll have a higher rate  
     
Adjustable Rate Mortgages

Interest Only options available

ARM Rates can be substantially lower then the fixed rate option and give you better cash flow If Rates go up possibility of your payment increasing
  Typically no prepayment penalties  - can sell or refinance anytime

 

Call Us At 812-246-LOAN (5626) or visit us at 816 County Road 160, Charlestown IN 47111 M-F 9am-6pm
NMLS Number 18533