Bank of England Mortgage Blog
What’s the deal with Multi-Family Housing?
Multi-family housing, that with 2, 3 or 4 units are great opportunities for home buyers or real estate investors.
Multi-family housing where one of the units is occupied by the borrower can be financed as a Primary Residence and income from the rented units can be used to offset the mortgage payment. Multi-family housing can also be purchased as an investment property when the owner will not be occupying one of the units.
Either way, the income from the rented units presents a great opportunity to offset expenses and build wealth. Your tenants are paying or helping to pay your mortgage payment while you are enjoying the appreciation on the property.
Andy Raffle
Branch Manager
NMLS #156564
90 W Afton Ave. Ste. 203
Yardley, PA 19067
P: (215) 493-3752
Equal Housing Lender.