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Was talking to quicken loans and they told me that the intrerest rates for an investment property are in the range of 5-5.75%. Is it true? That’s pretty steep.
Investment rates are higher than primary yes
What if you just live in it and later decide to rent it out? You don’t have to apply for a new loan to be legal?
Correct as long as you live in it for at least 1 year (per most mortgages)
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Investment rates are higher than primary yes
What if you just live in it and later decide to rent it out? You don’t have to apply for a new loan to be legal?
Correct as long as you live in it for at least 1 year (per most mortgages)