At Visio Lending, we tailor our loan products to meet the needs of our investor clients, including those focusing on the increasingly popular segment of midterm rental properties. Alongside permanent, transitional, and vacation rentals, midterm rentals serve as a versatile option for renters seeking accommodations for a few weeks to several months.
These properties often attract business professionals, seasonal workers, or families in transition and require a unique approach to financing. Now, we want to dive into the three most common use cases we see for our loan products, which include Cash-Out Refinance, Purchase, and specific strategies for Vacation Rental properties, all of which can also be adapted for the unique demands of midterm rentals.
Cash-out refinances are our most popular use case. A cash-out refinance is when you replace your mortgage with a new loan for a higher amount, and the difference in cash is yours. Our clients use our cash-out refinances to:
Learn more about cash-out refinances.
We also often help investors grow their rental portfolios by financing their purchases. Many of our investors:
Unlike other lenders, Visio has been able to make sense of short-term rents and will finance vacation rentals. Our investors often will:
Learn more about our Vacation Rental Loan Program.
We have dedicated a lot of time on educating our borrowers on how best to use our products to help them succeed with their investments. Check out our "The Visio Box" category to learn more or visit our blog.
Related: Your Guide to the Visio Loan Process, Complete Guide to Visio's Residential Rental Loans