All Forum Posts by: Mark Hu

I was wondering if there were significant differences in obtaining a mortagage for income property (apartment) versus a personal dwelling.

I believe interest rates for income property mortgages are higher, and it makes a difference in the rules if the property is being foreclosed on. Are their other important differences?

How does a mortgage for an apartment differ from a mortgage for a house? I know that the rate is usually higher, but are there other significant differences?

Thanks