NoWouldn't it be easier to just call/email a mortgage broker and ask?
A broker told me .125 to .375 more than a conventional loan. I though it was going to more along the line of what you were told.2 weeks ago, my banker said I could get a loan on a rental for 1% higher than a conventional home mortgage.
When I had rentals...the rate was a lot higher than conventional, 3 or 4% IIRC.A broker told me .125 to .375 more than a conventional loan. I though it was going to more along the line of what you were told.