Investment/Owner Occupied Interest Rate Spread on Mortgage
What kind of interest rate spread do you typically get at banks for loans on investment properties vs. the interest rate they charge for owner occupied houses?
For a conventional 30 yr mortgage, the bank I went to quoted me a rate 5/8 percent above their owner occupied rate. He told me they typically charge 5/8 or 3/4 percent higher for investment properties. (0 points for both)