How much it will cost 1 milion dollars loan with intrest only ,,,

5 Replies

HELLO,I GOT 5 HOUSES WITH A LOAN OF 980K ALMOST A MILLION DOLLAR BALANCE WITH 4.5 TO 5.5% RATE ,THEY ARE APPRAISE AT 1,4 MILLION ....MORTGAGE PAYMENT LIKE 4800$ A MONTH ALL 5 ....RENT INCOME 6000$ A MONTH ...IT WILL BE A GOOD IDEA TO BORROW 1 MILLION DOLLAR IF I FIND AT 3% WHICH I DON'T BELIEVE ?THANK YOU

@Sorin Ciobanu try not to use all caps, that being said if you can get a lower rate and the fees aren't bad and the payment stays the same or decreases then you should do it assuming you plan to keep the properties however your current rates seem decent so I wouldn't stress on this too much.

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