A: Investment property mortgages can be used to purchase a variety of property types, including single-family homes, multi-family units, and commercial properties. However, some lenders may have restrictions on the types of properties that they will finance with an investment property mortgage.
Q: How much can I borrow with an investment property mortgage?
A: The amount you can borrow with an investment property mortgage will depend on a number of factors, including your income, credit score, and the value of the property. Lenders typically limit the loan amount to 75-80% of the property’s appraised value.
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