A quality credit score is one of the most valuable assets a real estate investor can have. This resource has the authority to not only retain attractive mortgage and refinancing rates, but amplify an investor’s negotiating power when seeking a loan. While a lower score will not automatically disqualify potential investors, this all-important number in residential redevelopment could hinder one’s ability to access certain loan programs.
If you invest in real estate, you probably already know that you have a number of different options when it comes to financing. These include but are not limited to portfolio lenders, home equity loans, commercial loans, conventional mortgages, owner financing, hard money, and more. Utilizing these options are often an important key to the success or failure of a deal. One option that is often overlooked is real estate lines of credit. It doesn’t matter whether you invest in commercial real estate, apartments, single-family homes, or others, a real estate line of credit can be enormously helpful in giving you real cash when you need it.