Updated over 7 years ago on . Most recent reply
Financing rental property
BP colleagues, I'm trying to finance a property via one of the lender I work with.
Rough numbers are as here: Purchase price : $155k, Interest rate: 6%, Down : 25%, Closing Cost: about 7k (including 2k of prepaid and escrow), also Closing costs can't be rolled into the loan. Does this seem out of line or simply outrageous compared to the size of the loan?
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The interest rate seems high