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Updated almost 9 years ago on . Most recent reply
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Mortgage rates for investment home
I am from Seattle and reached a local lenders to finance an investment home in south-side of Seattle (Tacoma area). I got an financing from the same lender for my residential home purchase. Now he is quoting me 4.25% with 25% down. Is that competitive for Investment homes? The rates for regular home purchase is going at ~3.5%, so I was wondering if ~0.75% spread is expected for investment home.
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4.25% for investment sounds low to me!