Why A 30-Year Loan Is Better Than A 15-Year Loan On Rental Properties
28
Jul
By Kyle Muth
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Loan Programs, Mortgage, ,

Why A 30-Year Loan Is Better Than A 15-Year Loan On Rental Properties

15-year loans may appear to save money over 30-year loans because they have a lower interest rate, but you may want to have the flexibility of a 30-year loan.  Buying rental properties is a great investment, especially when you are able to use a mortgage to buy the properties and still get great cash flow. Many investors will get a 15-year mortgage because the rates are a little lower and they can pay off the properties quicker.  However, a 30-year loan when buying rental properties can offer more cash flow. Plus, the flexibility of having greater cashflow to buy more…
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15 or 30-Year Loan for an Investment Property: What’s the Best Move?
17
Jun
By Kyle Muth
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Mortgage, Real Estate Investments, ,

15 or 30-Year Loan for an Investment Property: What’s the Best Move?

There's a lot to be gained by buying an investment property. Not only can you take in monthly rental income from tenants, but you can also hold on to that property until its value increases and sell it at a profit.  However, many real estate investors can't buy a rental property outright. If you're looking to take out a mortgage for your investment property, you may be wondering whether to opt for a 15-year loan or a 30-year loan. There are pros and cons to both options. Here's what you need to know.  The 15-year mortgage The primary benefit of…
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