Updated 3 months ago on . Most recent reply
Conventional Finance Options
On the podcast, Dave always preaches getting conventional 30 or 15 year financing to buy your rentals...which makes sense. Lock in a term so there's no surprises. We have five long term rentals. Four are owned outright and number five was financed. 20% down with a 5 year arm, amortized over 25 years. This was the only option I could find locally. Can we get a true fixed rate and term mortgage if we shop outside of local or is an arm the only conventional option for us at this point?