November 2013

There are 1 blog entries for November 2013.

Investment property and interest rates on the mortgages

Friday, November 1st, 2013 at 1:19pm. 1502 Views, 0 Comments.

Interest Rates for Investment Properties

The question is are the mortgage interest rates higher for the investment properties? Do lenders charge high interest if you are obtaining the home loan for your investment property?

Yes, irritatingly enough the interest rates on mortgages used for buying or refinancing investment properties are high. In addition, the qualification criteria on investment properties are a bit more stringent, in comparison to the criteria for personal property home loans. For example, you may have to make a greater amount of down payment to the lender, for obtaining the home loan on your investment property.

Highest rates on investment mortgages

You must be wondering as to why are the mortgage interest rates high on investment…