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Are interest rates for an investor different????

Posted by maryann on December 29, 2001 at 8:31 PM

I am a beginner investor, so I thought a good place to start was at a mortgage company to pre-qualify. I told him my plans and I was told that I should have no problems. We discussed interest rates and closing costs. I was told because I am an investor the rate would be higher (7.75)in Ohio and 1 point. Does that seem right???? Would appreciate any feedback. Thanks!!!!!


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