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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)
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)