Are you investing in real estate for the first time? Or are you a regular investor in properties? Well, in both the cases, one question stands common – what are the ways to finance the property. Real estate is a capital intensive investment but you do not need to have a fortune personally to invest in real estate. Here are different options to finance your real estate property –
- Property mortgage – This is one of the most conventional ways to finance your property. If you are a first time investor, you can opt for consumer mortgage otherwise go for investment property mortgages. Both these types have the same fundamentals, only the rules and interest rates vary.
- Consolidation of finances – You should also consolidate your current finances to understand your liquidity situation. It will also help you decide how much money can be paid as down payment, and what amount you need to borrow.
- Equity – If you have invested in equity earlier, you can easily liquidate the money and use it for real estate. In case you are planning to buy a property in near future, plan your investment strategy in equity and other tools so that you receive better returns on your money.
Shop around for options and then decide the way you want to finance your real estate property. Let Groovy help you build a quality property to add to your portfolio.