Blanket Loans

Photos of Multiple Styles of Houses

Minimize the Stress of Managing Multiple Loans

Minimum of Two Properties
UP TO 75% OF THE LTV

5/1 ARM (Fully Amortizing)

7/1 ARM (Fully Amortizing)

30-Year Fixed

Interest-Only Options

Blanket Mortgage Pros

CASH TO INVEST
Having one mortgage saves you the cost of multiple lender fees associated with closing the loan: origination fees, processing fees, service fees, third party fees, and more, leaving you more money to invest in other projects.  Additionally, many blanket mortgages operate with a release clause, which allows you to sell a property without having to use the sale proceeds to pay off the loan.

 

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BETTER INTEREST RATES

Multiple mortgages will undoubtedly carry a number of different interest rates, some of which might be unfavorable. A blanket loan refinance provides the opportunity to bring everything together under one interest rate. 

Blanket Mortgage Cons


HIGHER DOWN PAYMENT
A lender offering a blanket mortgage may be putting themselves at greater risk, hence asking for a higher down payment.

BALLOON PAYMENT
When a loan is structured as a balloon payment, the borrower must pay off the entire loan within a shorter amount of time