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Updated about 7 years ago on . Most recent reply

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19
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Carmen Chow
  • Whitestone, NY
5
Votes |
19
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Which lender do you use?

Carmen Chow
  • Whitestone, NY
Posted

Hello all, 

I have a good credit score (700+).  Looking to purchase an investment duplex in Florida and a local bank is asking for 30% down with 5.625% interest rate. Is that a bit too much?? 

Just wanted to get idea of what banks other people are using... 

I have also read in another forum of using American Internet Mortgage. Any thoughts on that?

Thank you!

Carmen

Most Popular Reply

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3,813
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Cody L.
  • Rental Property Investor
  • San Diego, Ca
4,472
Votes |
3,813
Posts
Cody L.
  • Rental Property Investor
  • San Diego, Ca
Replied

I use a handful of local banks. Up to 80% LTV. 5% 5 year fixed 5-10 year term.

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