2007-06-04 13:34:51 · 3 answers · asked by homer simpson 3 in Business & Finance ➔ Renting & Real Estate
You will be fortunate to find a lender who will give you a loan with less than 20% down on an investment property. If you do find such a loan, do expect to pay higher rates plus PMI.
2007-06-04 13:48:57 · answer #1 · answered by acermill 7 · 1⤊ 1⤋
There are many variables and programs relating to PMI so your best bet is to read up on what the government explains about PMI on this link.
HUD Private Mortgage Insurance (PMI) Information: http://www.hud.gov/offices/hsg/sfh/res/respapmi.cfm
Best of luck on your research
2007-06-04 20:47:00 · answer #2 · answered by newmexicorealestateforms 6 · 0⤊ 0⤋
depending on the loan, but usually yes, or you can just get a second mortgage to cover the differance.
2007-06-04 20:50:33 · answer #3 · answered by misty m 4 · 0⤊ 0⤋