Features of mortgage

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A mortgage for investment property is a major expense that an investor must maintain all throughout the loan term. Lenders compete with one another by offering varying interest charges, mortgage fees, discounts and other attractive loan features that a mortgage broker would know. Wholesale lenders and institutional lenders may also prefer to deal with a mortgage broker who can obtain the best financing arrangement for a client's needs.

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Interest rate: The interest is the amount that a lender charges a borrower for using its money. Generally, the interest rate on a mortgage for investment property is relatively lower than an unsecured loan because the collateral lowers the lender's risk. Risk plays a crucial role in the costs of financing. Interest charges increase or reduce according to the banks rates which are linked with the central bank rates.