What type of mortgage to get for your personal home

What type of mortgage to get for your personal home

Rental Property Investor · Ocala, FL · Member since 2019 · 7 posts · 1 vote

I have currently have two investment homes now and now I'm looking to buy another place but as a private home for me and my partner what sort of loan would people recommend for that? like a 3.5% down FHA loan? Or something different? I would like to do a 3.5% down so I can keep more cash to get more properties faster. We are looking in Ocala Florida.

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  • Rental Property Investor · Springfield, MO · Member since 2019 · 462 posts · 365 votes
    6y

    There are too many factors that are unknown to give a good answer... it all depends on your income, expenses, cash on hand, net worth, and lifestyle.

    Talking with a few different local lenders would be more beneficial then our random inputs. 

  • Investor · Ocala, FL · Member since 2016 · 299 posts · 110 votes
    6y

    Florida Credit Union has been easy to work with getting mortgages in Ocala.  My daughter is refinancing her home and using Mike Zysec at FLCU
    https://www.flcu.org/Personal/Borrow/Mortgages/Apply-for-a-Mortgage

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