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Investing in real estate can be a lucrative way to build wealth, but it also comes with its challenges. One of the most crucial aspects of this process is securing the right mortgage for your investment property. This decision can significantly impact your profitability and long-term success. However, many investors, especially those new to the field, often make mistakes that can cost them time and money. In this blog, we will explore some common mistakes to avoid when getting a mortgage for an investment property , ensuring you make informed decisions that align with your financial goals. 1. Underestimating the Financial Requirements A common mistake many investors make is underestimating the financial requirements involved in securing a mortgage for an investment property. Unlike primary residence loans, investment property mortgages typically require a larger down payment, often 20-25% of the property's purchase price. Additionally, lenders may require a higher credit score ...