Investment Mortgage at 5.75% and 20% down?
Over the past few days I've been working with Bank of America to get pre-approved for a mortgage for an investment property. What they offered me is 5.75% with 20% down. I've been reading posts from people talking about getting mortgages for less than 20% down on an investment property. Is that possible or have I been reading the posts wrong. Also, 5.75%? Is that what everyone's working with at the moment?