A loan used to purchase a residential or commercial property with the intention to rent rather than occupy. Such loans are much more difficult to qualify for, because there is little if any government assistance available, and both the borrower and issuer are at risk from fluctuating credit markets. The issuer in particular considers such mortgages to be risky purchases. These typically require additional paperwork such as rental income estimates, as well as higher interest rates and larger down payments compared to home mortgages.
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