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Basit SiddiqiPoster
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Mortgage Terms & Rates: 4-Unit Property vs 5+ Unit Property
I am exploring whether I want to purchase some 4-unit properties or purchase a large apartment complex.
I wanted to understand, from those with experience, what is the difference in the rates and terms between the two.
How do the terms and rates compare from a 4 Unit property(Conventional Mortgage) vs a 5+ Unit property
Some information that I was hoping to get a difference on was interest rate, loan term, down payment requirement, balloon payment and amount of closing costs / lender fees.
I appreciate everyone providing me answers in advance.
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