Exactly why are mortgage cost higher to possess second property and capital characteristics?
Exactly why are mortgage cost higher to possess second property and capital characteristics? Minimal down-payment to possess a-one-device, single-loved ones family, townhome, or condominium money spent try fifteen% of one’s purchase price. For 2-to-4-equipment functions, the newest down-payment risen up to 25%. 15% downpayment try $75,000 25% down-payment is actually $125,000 Money spent-Minimal down payment …