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Updated almost 6 years ago on . Most recent reply
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Typical Rate Range For Investment Property
Doing the numbers on our potential first deal. I've read everywhere that rates on investment properties are always higher than rates for a conventional primary residence.
If current rates are around 4.28% for primary, what should I be looking at for investment? Considering 740+ credit score etc.
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Originally posted by @Lexi Teifke:
@Justin McGonigal it fluctuates every day and I'm not a lender however I'd guess 4.75 % . Hopefully a lender chimes in here.
I understand the daily fluctuating rate. Just trying to get an idea of what's normal. Was quoted 5.75%, which was admittedly higher then expected.