> > > > Choosing your real estate loan

Choosing your real estate loan according to the type of transaction Category: Practical guidelines Chapter: Mortgages Buying a primary residence, a secondary residence, a rental investment property, a piece of land… Choose the right real estate loan for the type of transaction you want to make. Buying a primary residence Interest-free loan, subsidised loan, 1% housing loan may apply. The borrower must live in the home at least 8 months out of the year. Buying a secondary residence Only the conventional bank loan can be used to finance a secondary residence. Buying a rental investment property The state-guaranteed loan can allow the borrower to rent the property as long as it is the renter’s primary residence. Buying a piece of land The borrower must choose a conventional loan, or even a 1% housing loan if a home is built within no more than 4 years following the acquisition. Updated on: 05/02/2008 And on the same subject: The different real estate loans 2008-2011 Appelimmo. All rights reserved Real estate for sale by owner