This type of loan is attractive for first-time home buyers looking for a larger house and lower payments or investors who want to use leverage. However, on the flip side, monthly payments can skyrocket if interest rates go up. If your income has not increased since purchasing the property, or if the property will not debt service, you may struggle to afford the payments.
Talk to us, and we’ll help you plan and choose your desirable loan program.
Please click here to contact a Pacific Property Loans’ Loan Officer to learn more.