mortgage rate

2 Replies

I'm about to purchase my first investment property in reno nv. I have a really solid credit score, a couple credit trails open, a 2 1/2 year credit history and am putting forward about 20-25% of the down payment with cash. How much should I estimate to pay on a conventional mortgage rate? Also are there other factors that weigh in heavily on the rate ill have to pay?

Do you have a steady W-2 income job? That is a plus, being self employed makes it tougher even if you make more money.

Are you going to own the property in your own name or an LLC. If it is in an LLC financing will be much tougher. You will need a commercial loan.