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Updated almost 6 years ago on . Most recent reply

Douglas Goldstein's profile image
Douglas Goldstein's profile image
Douglas Goldstein
  • from Pasadena, California
  • Member since Jul 5, 2018
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Douglas Goldstein's profile image
Douglas Goldstein's profile image
Douglas Goldstein
  • from Pasadena, California
  • Member since Jul 5, 2018
Connect
Douglas Goldstein
  • Pasadena, CA
1
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7
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Starting Out

Investment Mortgage at 5.75% and 20% down?

Douglas Goldstein
  • Pasadena, CA
Posted

Over the past few days I've been working with Bank of America to get pre-approved for a mortgage for an investment property.  What they offered me is 5.75% with 20% down.  I've been reading posts from people talking about getting mortgages for less than 20% down on an investment property.  Is that possible or have I been reading the posts wrong.  Also, 5.75%?  Is that what everyone's working with at the moment?

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