Posted on: 05th Dec, 2013 01:27 am
Will it be possible for me to buy an investment property at the same rates as first mortgage. There is equity in the property.
Mortgages for investment properties have different interest rates. So, you will have to contact the lenders and check out the interest rates.
Hi Guest,
I agree with Niicss. The rate of interest for conventional mortgages are different. They are comparatively higher than interest rates on normal residential mortgages. You will get that higher rate while you take out a commercial mortgage for investment property.
Thanks
I agree with Niicss. The rate of interest for conventional mortgages are different. They are comparatively higher than interest rates on normal residential mortgages. You will get that higher rate while you take out a commercial mortgage for investment property.
Thanks
All mortgages have a risk facor built into the interest rate.
Investor property mortgages are riskier than properties that are owner occupied.
Therefore, becsue there is more risk built into the rate, the rate is always higher for investment porerty financing.
A mortgage on a 1 to 4 family investment property could be either a residential mortgage or a commercial mortage.
Investor property mortgages are riskier than properties that are owner occupied.
Therefore, becsue there is more risk built into the rate, the rate is always higher for investment porerty financing.
A mortgage on a 1 to 4 family investment property could be either a residential mortgage or a commercial mortage.
