Learn the Investment Property Loan Rates in the US from a Certified Mortgage Broker

When you’re partnering with a certified mortgage broker or a home loan consultant in the US, you’re bound to know the best home loan rates for buying an investment property. And, if it happens to be a company like “Affordable Interest Mortgage”, they can help you with all the details of the prevailing mortgage rates in states like Colorado, Arizona and Wyoming. Whether it is a conventional home or an investment property, the monthly mortgage rates differ, based on time and the amount borrowed. For example, a conventional 30-year fixed rate mortgage would invite 6.75 - 7% interest, depending upon the lender or bank.

 

This is why it is best suggested to contact an accredited home loan consultant or a mortgage brokerage agency that can help you shortlist a credible lender, which offers the lowest rates. In fact, an agency which represents a vast network of A+ certified lenders can be your best bet, while choosing a company that specializes in investment property loans. They can guide you in choosing a loan provider that lends at competitive rates, offers highly flexible repayment terms, provides loans with minimum down payment, and on fixed & adjustable rates.

 

What are the New Loan Rates for an Investment Property Mortgage?

 

It is to be noted that for a conventional 15-year fixed rate mortgage, you pay an interest of 6.375 - 6.625%, whereas for a primary residence, you pay only 5.875%. This figure is the latest one. It might be subject to change. On an average, for a loan amount of $320,000 USD, you roughly pay a monthly interest rate of 6.5 - 7.4%, which comes to around $2000 - $2200 USD per month. But, these rates differ from one lender to another. This is just an overview or rough estimate, as per nationwide US statistics.

Any borrower, first time home buyer or a ‘would be’ investment property owner looking for the best investmenthome loan rates can now come to one such above-mentioned agency that can definitely connect to different A+ rated lenders. They try to keep the entire documentation process paperless, and guide you to the right financial institution or private bank that lends at competitive rates. It is not only in the case of an investment property, but for conventional home loan too. In this way, you can save a lot of bucks on your monthly mortgage payments.