Understanding Investment Property Interest Rates
Hey everyone -
I'm onto the next step of getting pre-approved for a property I am looking at. Everything looks good so far, but I don't have a solid baseline to understand the interest rate for my pre-approval. I have great credit and no debt, and was approved for 5.25% for an investment property loan. From my understanding, interest rates on a loan for an investment property should be higher than an owner occupied interest rate, but how high? Are there any good resources I can use for future property analyses? Thanks!