Expect a higher interest rate than on a 30 year fixed traditional mortgage loan for a primary residence. Lenders know that you are a homeowner and will be adding to your debt burden. Thus, the lender views you as a riskier loan, the risk factor will cost you a interest rate percentage point or two.
Buying Real Estate Investment Property in Sunriver Oregon
Expect a higher interest rate than on a 30 year fixed traditional mortgage loan for a primary residence. Lenders know that you are a homeowner and will be adding to your debt burden. Thus, the lender views you as a riskier loan, the risk factor will cost you a interest rate percentage point or two.