Best interest rates for mortgage loan on an investment
4 Replies
Todd Kale
posted about 2 years ago
So I got approved for a mortgage loan for an investment, have a great credit score. I was approved for a 5.25% mortgage loan, thought this was a bit high then looked at ally, they show about 5.5-5.65, so now I’m thinking 5.25 is good. I live and invest in Texas.
Caleb Heimsoth
Rental Property Investor from Durham, NC
replied about 2 years ago
@Todd Kale id say that’s a pretty good current rate. Assuming you’re not paying a fortune in points
Cynthia Brooks
Rental Property Investor from Brooklyn, NY
replied about 2 years ago
Christian Nachtrieb
Rental Property Investor from Medford, MA
replied about 2 years ago
I'm in the process of doing a cash out refinance on an investment property at 75% LTV at a fixed rate of 4.875% 30 year loan. I think that's REAL good, 5.25% not horrible but I would think you could do better. I'm in a major city, Boston.
Marque San Juan
Rental Property Investor from Everett, WA
replied about 2 years ago
Back in Nov, was pre approved for 5.125 - 5.25 for 5% down in WA. Good credit score too. I'm sure this would go down slightly when I need to actually secure the loan because of the latest trends.
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