by Real Estate Investor
Regarding Buying A House for Rental Units: Are mortgage rates higher if I'm buying a house for rental units that's not intended to be a personal residence? I'm considering purchasing a condo as a rental investment.
My lender tells me that my interest rate on the mortgage is going to be about .5 percent greater because I'm buying it as an investment property.
Is this standard and if so, is there any way around it? I have no plans to reside in the rental unit. Thanks!
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