Bank of England Mortgage Blog
What’s the deal with Multi-Family Housing?
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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.
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Andy Raffle
Branch Manager
NMLS #156564
90 W Afton Ave. Ste. 203
Yardley, PA 19067
P: (215) 493-3752
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