Classified Id: 828574
Classified
Title:
Why Rates Are Usually Higher For Non-Owner Occupied
Category: Real Estate:: Apartments - For Sale
City: All Locality:
Date Listed/Updated: 2021-10-03
Author/Publisher name:
Description: Non-owner occupied loans will typically cost you more because the associated risk to the lender is higher. The easiest way to understand why is to imagine if you were financing a property you lived in and another you were renting out. If someone is going to default it’s probably going to be the non-owner occupied property.
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