WHAT IS AN INVESTMENT PROPERTY LOAN?
An investment loan is a loan for the purchase or refinance of a property that is not occupied as a primary residence. The loan structure is very similar to an owner occupied loan expect the desired purpose in for “non-owner occupied”
Income properties can be residential properties, such as single family homes or multi-family properties, or they can be commercial properties, such as a strip mall. Money is generally made through holding the property and renting it out or selling the property after the value of the property has appreciated.