When exploring home financing options, it’s essential to understand the varied mortgage types available. Whether you’re financing a family home or considering an investment property in mortgage for financial growth, knowing the distinctions can help you choose wisely. Investment property mortgages and traditional home loans have different purposes and unique conditions. These differences are vital in shaping borrowing decisions from interest rates to loan eligibility. Read on as we break down the critical aspects that set these mortgage types apart and what to consider before deciding.
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