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We are allowing refinances/purchases on investment
Across North Carolina, people are looking for more financial security for their families. But there are only so many hours a day that anyone can work. That’s why many of our members are warming to the idea of buying investment properties in North Carolina and elsewhere.
The concept is simple. You borrow money, buy a property, and then rent it out. The monthly checks from your tenants cover the loan repayment costs and net you a tidy profit. Coastal can start you off on the right foot, offering low interest rates, low fees and low down payment requirements. From there, the success of the venture is up to you. When it comes to generating new income, we wish you the best outcome.
For a $250,000 loan for a tem of 30 years with a 4.50% APR, the monthly payment is $1,267.00. Taxes and insurance are not included in this payment example and that the actual payment obligation could be greater. All loans are subject to approval.
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