Wondering what is the best way to finance an investment property?
For an investment property (not to live in) should I use a home equity line, traditional fixed rate 30 year mortgage or something else. Let's say I want to hang onto it for maybe 10 years....
Investment best answer:
Answer by William H
Use conventional financing. Do not, repeat: DO NOT, use your home equity loan. Save that for emergencies. See if you can get a 10/1 ARM since you only want to keep the property for 10 years you can sell it as the ARM gets close to the first adjustment period.
Investment
Save Darfur protest at Franklin Templeton Investments
Image by Steve Rhodes
Part of a national day of action on October 15th calling for divestment
www.divestfordarfur.org
www.savedarfur.org
Orignal From: Wondering what is the best way to finance an investment property? and Save Darfur protest at Franklin Templeton Investments
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