Can i buy an investment property at the same going rates as first mortgages if..

If youre buying an investment, you will pay a higher rate than a 2nd home or primary residence,even with 50% down. If you do a cash out refinance on your primary residence and pay cash for your investment, you can get the best of both worlds.. The tax savings is obviously different on a primary vs. a rental, so you might want check with your accountant to see which way would be more favorable, but it can be done.. if your 2nd home is rented out even one day out of the year, technically it becomes a rental.. when it comes to loan fraud, it all comes down to intent.. if you know you're going to rent it out, and you're going to finance it, then you have to disclose it as a rental.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

I agree with William, you'll be better off refinancing your current home to pay cash for the vacation home. However, if it will truly be a vacation home that you intend to occupy for a significant part of the year the financing rate and fees will be the same as for your residence. (At least as long as you aren't buying a property that will be marketed as part of a rental pool or similar arrangement. It is okay to rent it out a few weeks or months out of the year.)

Investment properties in and of themselves are higher risk, regardless of the down payment size or anything else. You pay a slightly higher rate - known as loan level pricing adjustments. With a 50% down payment, your rate on an investment property will be about .375 to .50% higher than an owner occupied property. www.SaintPaulMortgageBroker.com