6.7% 30 year fixed DSCR loan

[Kevin O'Brien]

Hey all,

got a bit of sticker shock at 6.7% 30 year fixed with 5 year pre payment penalty. Prior loan was done literally a month ago at 5.5% and 3 year pre payment. Is 6.7% really market rate now? Plenty of experience already, great credit and property cash flows fantastically. I was hoping for like 6%. 

[Jon Kelly]

@Kevin O'Brien I work for a lender and best case scenario we're seeing is low 6%'s. You can consider an interest only option for even better cashflow. We offer a 10-year interest only option, amortized over 30 years.