Are 2nd real estate loan pricing higher?
It is a familiar presumption that if you have home financing to have most of your quarters (your house you reside), you can anticipate to obtain the exact same rates of interest otherwise mortgage now offers on your own next domestic. But that’s not often the situation.
Whether you’re to shop for one minute family South Carolina installment loan lender, trips home, or investment property, it is important to anticipate slightly highest financial rates of interest and you may possibly much more stringent qualifications conditions.