Updated almost 8 years ago on . Most recent reply
Interest rate for investment properties?
Ready to start buying (buy and hold strategy - SFH, Duplexes, Quads, Storage Facilities, Trailer Parks, small Apartment Communities) and meeting with mortgage broker next week. Question: is there typically a relationship between interest rate (fixed rate, 30 year) for owner occupy vs. investment property? For example, if current rates on an owner occupy 30 year term are ~ 3.6% should I expect the rate for same term investment property to be 4.6% (or 100 basis points higher)?
I appreciate any insights.