How much money do you have to put down on an investment property?

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asked Sep 25, 2018 in Investing by RatiLolcat (190 points)
How much money do you have to put down on an investment property?

1 Answer

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answered Oct 1, 2018 by Jodie (35,100 points)
For a mortgage on an investment property banks will require you to put between 20 to 25 percent down on the mortgage loan for the investment property.

Investment properties require more money down since mortgage insurance doesn't cover investment properties of any type.

The more money you're able to put down on the investment property the better interest rate you'll likely get from the bank which will make the loan more affordable on the investment property.

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