Posted on: 12th Jul, 2009 02:45 pm
is there a such thing as a mortgage that is for an investment/rental?
yes, if you have 20-30% down payment
Hi joshuaaaronalpert,
I agree with David that mortgages are available on investment or rental properties. As David has said you'll have to pay a higher amount of down-payment for it. Moreover, lenders may charge a higher interest rate for it.
Thanks
I agree with David that mortgages are available on investment or rental properties. As David has said you'll have to pay a higher amount of down-payment for it. Moreover, lenders may charge a higher interest rate for it.
Thanks