The Financial Impact of Buying an Investment Property
Posted on Apr 10, 2010 03:57:27 PM
Even more so than when buying your primary home, it’s important to have good credit if you’re looking into purchasing investment properties. Most banks require higher down payments for investment property, and will usually stick you with higher interest rates on the loan as well because you’re more likely to fall behind on your payments on an investment than on your own home.
Additionally, as mentioned before, there are… Continue reading