Posted by LB on July 16, 2003 at 22:43:28:
It depends on your credit, loan amount, type of property, type of loan, and LTV etc. try lnamiot@americanhm.com
Interest rates on investment property - Posted by Drew
Posted by Drew on July 16, 2003 at 21:29:41:
I am an experienced home buyer looking to buy my first “investment property”…this will be the first time purchasing a property that is not my primary residence…I heard that interest rates are higher on investment properties…if so, how much can i expect? Any idea on current rates?
-Drew
Re: Interest rates on investment property - Posted by Anna
Posted by Anna on July 16, 2003 at 22:46:24:
Rates on investment properties vary depending on how much you will be putting down. This statement is even more true than when buying primary or second home - as general rule the more you put down the better rate you will get. Assuming that your LTV will be 80% or so, you will be looking at about .75% higher than on primary. This is on a standard documentation, not a no-doc or no-income etc.