Come across told united states that interest is actually higher for many who are refinancing more 1 possessions, would be the fact correct? We were waiting to secure on a reduced price, toward date was try 3.5, we titled in order to lock it during the however, was in fact advised as we was indeed money dos services our very own speed might possibly be highest…..was basically we lied in order to?
When you’re resource a couple of other qualities, the speed might possibly be higher for a lot of factors, eg that possessions being designated because an additional home otherwise money spent (both can’t be a first home). Otherwise are you currently saying it’s a two-unit assets? Which will enhance the rates.
You’ll find selection in that way, however, truth be told there must not be a particular rule to own refinancing a couple of loans vs.