Quick Approval Investment Property Loans in Colorado by Knowing the Current Mortgage Rates

If you’re considering buying an investment property in Colorado or Arizona, and putting it out on rent for earning a steady flow of monthly rental income, then always partner with a mortgage brokerage firm. It can help you shortlist the best lender in your city or state that lends on highly competitive monthly interest rates and offers mortgage loans on flexible & easy repayment terms. Here, an agency like “Affordable Interest Mortgage” can help you select the best lenders in these two states that offer investment property loans for 15 year and 30 year periods. You can choose as per your needs and budget.

 

If you go by the present day statistics, which is 13th of July 2023, the average interest rate on a 15-year investment property loan in the US is 6.55%, compared to a higher 6.62%, a week earlier. Similarly, the average monthly interest rate on a 30-year investment property loan is 7.12%, as of today’s date. The historic 52 week high was 7.33%, and the historic low during the same time frame was 6.94%. These figures vary and fluctuate according to market conditions, and are bound to change over the period of time. Therefore, it is 100% dynamic in nature.

 

Avail Investment Property Loans at Low Rates and Less Stringent Terms & Conditions

 

When you’re partnering with a premier mortgage consultant, you can be rest assured that the agency is going to find for you a lender that offers investment property mortgage rates, which is at par with best in industry. In this way, you can think of buying a rental house or property that can be utilized for earning a steady flow of income, every month or year. It can be a condominium, townhome, duplex, vacation home or a highrise apartment or penthouse in the city. You just need to furnish your employment status, bank pay slips, financial standing, credit worthiness, credit score, etc. and get one such Jumbo loan for buying an exclusive property in the city or in the suburbs.

 

You need to understand here that the investment property rates are the monthly or yearly interest fees that a borrower or investor has to pay for financing a property, which is bought solely for generating income or earnings. The monthly mortgage rates depend on the creditworthiness of the investor, value of the property and the reputation of the lender. Typically, investment property loans have a high interest rate, due to the risks involved, when compared to occupied homes. Therefore, you need to know where to find the best rates, and how to select a lender that offers quick approval loans with minimum down payment requirements.