Video Transcript:
People think big homes cost more upfront, but a multi-unit building costs much more. The rules change completely because lenders see a very different risk. As David Ghazaryan, I build the right loan by showing lenders how the property works. It is not just about your money; it is about theirs. Lenders don't count all the rent money you think you will earn. They use a safety rule and only count seventy-five percent for their math. A smart plan is to live in one unit yourself. Lenders see this as safer, giving you a better deal with easier rules than investors get. More units means lenders want more cash from you after you close. This is a big pile of money to prove you can handle any problems. Four units is the limit before the loan becomes a commercial deal. Learn more through my work on social platforms; links are in the description below.
Read Blog Here: https://www.iqratemortgages.com/blog/jumbo-loans-for-multi-unit-homes-in-florida
