[Star Valley] Asset mortgage 60% "rent collector" guide to buying a house

Many property investors are older, and many are retired people with no fixed monthly salary. If these investors want to buy another floor of housing to collect rent, it is difficult to obtain mortgage approval from banks based on income. However, there is good news recently that will make it easier for these "rent collectors" to buy houses.

Asset mortgage ratio increased to 60%

According to the latest news, the asset-based mortgage ratio has increased to 60%, which will greatly increase investors’ opportunities to purchase residential properties. Especially for investors who do not have a fixed monthly salary but have abundant assets, this news is undoubtedly good news.

More retirees benefit

The implementation of this policy will also benefit more retirees. Retirees usually have more assets, but without regular income, it has been difficult for them to get mortgage approval from banks in the past. Now, as asset mortgage ratios increase, it will be easier for retirees to realize their residential investment plans.

Things investors should pay attention to

• Although asset mortgage ratios have increased, investors should still carefully consider their financial situation to ensure they can afford the mortgage repayments.
• Before purchasing a home, investors should learn more about the mortgage policies of each bank to ensure that they meet the appropriate conditions.
• It is recommended that investors seek professional advice before making residential investments to ensure the rationality of the investment plan.

Conclusion

Overall, the increase in mortgage-to-asset ratio to 60% will bring more opportunities to property investors, especially those who are retired. However, investors should still exercise caution when making residential investments to ensure their own financial security.