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Updated almost 9 years ago on . Most recent reply

User Stats

93
Posts
23
Votes
Saran Mandhadapu
  • Devon, PA
23
Votes |
93
Posts

HELP!! Need Advice for Mortgage for investment property

Saran Mandhadapu
  • Devon, PA
Posted

Hello,

I am in the process of purchasing a multi-unit property. I need help in deciding which mortgage to choose out of the options below. Please give me specific answers keeping in mind that all other terms are the same for all of the options below.

1) Bank A

Fixed interest rate = 4.375%

Fixed Period = 5 years

Repayment Loan term (balance due in) = 5 years

Amortization = 15 years

2) Bank B

Fixed interest rate  = 4.5%

Fixed Period = 5 years

Repayment Loan term (balance due in) = 15 years

Amortization = 15 years

3) Bank C

Fixed interest rate = 4.7%

Fixed Period = 5 years

Repayment Loan term (balance due in) = 20 years

Amortization = 20 years

4) Bank D

Fixed interest rate = 5.35%

Fixed Period = 10 years

Repayment Loan term (balance due in) = 20 years

Amortization = 20 years

Thanks,

Saran

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