Can you buy investment property using a first time home buyer type mortgage?
Thursday, April 29th, 2010 at
4:29 am
I’m interested in buying a house to rent out, but am wondering if it is possible to get a loan that is not dubbed “investment”, which usually requires up to 20% down payment and carry a higher interest rate than regular mortgages.
Tagged with: buying a house • downpayment • first time home • first time home buyer • interest rate • mortgage • mortgages
Filed under: First Time Home Mortgage
No. An investment mortgage is regular. If it is not owner occupied it is an investment, pretty simple to understand.