“BLANKET MORTGAGE “
A blanket mortgage, also known as a blanket loan, is a type of financing that funds the purchase of multiple pieces of real estate simultaneously. It is popular among real estate investors, house flippers, developers, and commercial property owners because this loan type can streamline the lending process and reduce costs. It allows buyers to pool all their properties into a single mortgage, making payments more manageable.
However, blanket loans are not a good fit for everyone, especially those with a small real estate portfolio or people new to real estate investment. Blanket loans require a higher down payment. Depending on the lender, a balloon payment may be required during the loan duration. Not all lenders offer blanket loans.
Whether you are buying or selling, investing or home-buying , venturing into the world of real estate can easily become overwhelming. If you are confused about the various mortgages available today or uncertain about neighborhoods or home styles , arming yourself with the right agent and the appropriate information can make all the difference. Looking of a home in the greater New York area or anywhere in New Jersey? We would be happy to serve as your real estate agent. “OUR SUCCESS HAS BEEN BUILT ONE SATISFIED CUSTOMER AT A TIME.”
