Whether you are acquiring commercial property or seeking a non-owner occupied investment property, ResCom Funding Inc. brings over two decades of real estate lending expertise and has earned the loyalty of thousands of repeat customers. We stand by our work and are dedicated to providing exceptional loan services. Our experienced team is committed to helping you navigate the complexities of securing real estate financing with confidence. Trust ResCom Funding Inc. for your borrowing needs and experience unparalleled support. Let us be your trusted partner in achieving your property investment goals.
Market conditions can change and everyone wants to get locked in at the lowest rates, but that is not always possible. The right time to get a house is when you need one and when your budget allows. Do not use rates as the ultimate rubric of the market as you can always refinance to get locked in at a lower rate. When you need a home, you should get a home.
Financially speaking, getting a commercial or investment property can be intimidating because you are borrowing a large amount of money, yet with time you will make your money back on your investment, and growing your portfolio. It is understandable to be a bit nervous but fortune favors the brave and improving your passive income is always a good move.
There are many specific types of loans, but typically most consumers will need to consider doing a 15 year loan, or a 30 year loan. It is highly advised for most consumers to do a 30 year loan, even if you are financially doing great. This will allow for flexibility if something happens. You can always pay more to your mortgage if you feel like it, but you will always need to pay the minimum.
When you own a property, its value tends to appreciate over time, whereas the structures on it, such as commercial spaces, may depreciate due to wear and tear. While these structures can generate revenue, they are considered depreciating assets. However, the appreciation of the property itself can offset this depreciation. Renting out your structure can significantly enhance your profitability.
It's widely known that paying off a loan sooner results in paying less interest over time. While making substantial payments may not always be feasible, even modest increases can yield significant savings. For instance, by consistently paying an additional 8.3% on your monthly mortgage, you could potentially reduce the duration of a 30-year loan by approximately 4-5 years. Over the life of the loan, this prudent approach could translate into substantial savings, potentially amounting to thousands of dollars.
Certainly! Refinancing your loan is a viable option. When acquiring property, securing the most favorable loan terms at the outset may not always be feasible. However, refinancing presents an opportunity to obtain more favorable terms, including lower interest rates. Numerous financial institutions are available to purchase your existing loan and offer improved terms. With careful consideration and a brief interim period between loans, you can optimize your financial arrangements.
You can give us a call or email us and we will guide you through the process and address any questions you may have.
Team Andheri - (832) 553-0551
Team Morelia - (737) 381-1011
Team Thane - (281) 404-5916
14215 Smith Road, Humble, Texas 77396, United States
Open today | 09:00 am – 05:00 pm |
Team A - (832) 553-0551
Team Morelia - (737) 381-1011
Team T - (281) 404-5916
14215 Smith Rd, Humble Tx 77396
ResCom Funding is licensed under the laws of the State of Texas and conducts business in accordance with state regulations. Consumers wishing to file a complaint against ResCom Funding may do so by contacting the Texas Department of Savings and Mortgage Lending through their website at https://www.sml.texas.gov/
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