Rather than start a new thread, I thought I’d “piggyback” (no pun intended) on this thread.
So I finally got back in the market and bought my primary house last year. Now I’m thinking of picking up an investment property.
I haven’t bought an investment property in the USA for a LONG time. Just reaching out to lenders today it seems like buying an investment property that is a condo with 25% down payment is 3.875% for 30 year fixed or 3.25% for 15 year fixed.
Also, he said if I wanted to refinance my house and pull equity out of it, it would be 3.5%.
Does that sound about right to you experts? The broker said condos are automatically around 0.75% higher. Which sounded high to me, but admittedly it’s been a long long time since I bought an investment property in the USA.
Has anyone bought an investment property recently in SD? What kind of rates were you quoted out of curiosity?
