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Answers (2)
- William Chu, "ChusYourLender"
- Contributions:13
As with post by Dave, you can only finance/borrow 75% of the purchase price of the property. Mortgage interest rate may be a higher (also depends on your personal credit) than the same for an owner occupied, primary residence transaction.
Good luck with being a Landlord!
- Dave Skow, "daveskow"
- Contributions:1105
should be fine as long as you qualify
down payment for best rates should be 25% of purchase price
rates / fees are a bit higher than for Owner occupied loans
down payment for best rates should be 25% of purchase price
rates / fees are a bit higher than for Owner occupied loans
What about loans on investment property?
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