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Investment Properties in Rome : Real Estate Advice

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Wed Feb 27, 2013
Rodney Mason answered:
For a Conventional mortgage on an Investment Property, cash out is limited to to no more than 4 financed properties. A cash out refinance is limited to a 70% LTV.

For a purchase, you can have up to 10 financed properties. For properties 5-10, a 25% minimum down payment will be required. Properties 11-20 must be HomePath properties and will require a 30% down payment.

Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options. To get Pre-Qualified for your purchase, you can submit your request online at www.rodneymason.com.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
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