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Best interest rates for mortgage loan on an investment

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  • Posts 1
  • Votes 0

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.

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Check Rosette Top Subjects:
Traditional Financing, Managing Tenants, and Flipping
  • Posts 7.7K
  • Votes 7.8K

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

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Check Rosette Top Subject:
Rentals
  • Posts 71
  • Votes 32

Cynthia Brooks
Rental Property Investor from Brooklyn, NY

replied about 2 years ago
@Todd Kale TD Bank... 4 family, 25% down, excellent credit. No points...4.750% but NJ property
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Check Rosette Top Subject:
Flipping
  • Posts 290
  • Votes 171

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.

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  • Posts 9
  • Votes 1

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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