Is there a difference in interest rate between borrowing for a primary home and an investment home?

Asked by Sasa25, 01028 Sat Aug 15, 2009

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Robert Spino…, Mortgage Broker Or Lender, Mill Valley, CA
Sat Aug 15, 2009
Sasa25,

There are three types of occupancy for a residential property; primary, secondary (vacation) and investment.

Primary and secondary will usually share similar rates, however for conforming loans you can expect to pay approximately .5% more for an investment property.

If you need specifics for your situation, please let me know.

Best regards,

Rob Spinosa
rspinosa@rpm-mtg.com
0 votes
Sat Aug 15, 2009
Yes, especially if you are a first time homebuyer.


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