Method of financing forms an important part of finalizing an investment on property. Traditional methods of financing that are considered by Warwick Estate agents like Charles Rose are:
1. Cash Only: Investing in a property with cash only is extremely rare but possible. It requires time and patience.
a. Through Banks: Applying loans through is the most used way of financing.
b. Through credit unions
c. Home mortgage companies.
Most of these institutions require a credit score of 680. Current interest is extremely low. It’s a favorable time to buy if you have the resources and correct documentation.