What is a Blanket Loan?

Companies with multiple offices can use a blanket mortgage as a commercial loan since it allows them to acquire multiple buildings at the same time. 

Why Should You Be Using Blanket Loans?

You could own a dozen rental properties and only need to worry about one mortgage. The regular loans through Fannie Mae and Freddie Mac allow you to purchase up to 10 rental properties at a time, one loan at a time. Blanket loans rids the complexity of managing multiple loans. 

Investors often use these loans to finance new multiple investment rental properties, and even apartment buildings, or combine existing investment loans into one easy mortgage. The latest hot investor boom trend is the loans for short term vacation rentals for use with Airbnb. Some will even buy a large piece of land to split and build out separately as multiple streams of this hot new income.  Want to know more? Contact us now!

How Does a Blanket Loan Work? 

In a conventional loan, they evaluate your financial profile from personal income and tax records to qualify you for a loan. This type of loan doesn't make sense for every borrower and the last thing you want is a mortgage you can't pay off. Considering this, we at RentalHomeFinaincing.com take a completely different approach that is easy to qualify for. We provide investment mortgages based on property potential income, your personal income tax won't hold you back. You get one simple mortgage to manage all your investment properties.

There are many benefits of blanket mortgages, including cost savings over individual traditional mortgages, giving investors more funding than they would otherwise have. Blanket loan investment financing can be used for different parcels of land at various stages of the building of investment properties, or it can be as simple as a mortgage on two properties for rent. Bundling the mortgages of multiple properties simplifies finance for investors. To learn more, call us today to have an agent contact you. 888-375-7977

Advantages of a Blanket Loan:

Instead of a track of 20 mortgage and loan payments, simply one or two are needed - as your real estate portfolio grows, it can become difficult to manage separate mortgages for each property. The more real estate deals you finance under single loans, the more complicated it gets - it's that simple.

Faster portfolio growth is now available since there is often no limit to the number of properties an investor can own with a blanket loan. Investors can wield the larger credit power they receive from these larger loans to acquire additional inventory, negotiate better loans terms or simply lower monthly payments.

If you are looking to expand your portfolio with, buy to rent investments, build to rent, or even looking at commercial property; Rental Home Financing funding can help.