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Investment mortgage interest rates currently range from 4.75% to 13%, depending on loan type and borrower qualifications. For shorter mortgages like hard money loans with terms up to 3 years, rates range from 7.5-13%.
Second Mortgage Rates. Interest rates on second mortgages are lower than typical unsecured loans because the loan is less risky because your home is used as collateral. However, 2nd mortgage rates will be higher than current mortgage rates.
Home Second Rates Interest Loans For – Logancountywv – The interest rate on a second home can be a little higher than the rates you find on primary mortgages – maybe not by much. A second mortgage – also referred to as a home equity loan or home equity line of credit – is just what it sounds like: another (second) mortgage on your home.