Updated over 4 years ago on . Most recent reply
Investment Property Interest Rates
Hi All,
I'm looking for a new investment property in the Tempe/Scottsdale area. I have a few concerns I was hoping someone could shed some light on. I was prequalified for a investment loan with 20% down at a interest rate of 4.375% (good credit). This was after buying one point down. From my research I have seen multiple places indicating investment rates were normally only 0.5% to 0.75% higher. Does this seem high?