First SFH mortgage advice

2 Replies

Looking at buying first SFH rental. I've been advised that I do not need a LLC at this time, but looking for recommendations on where to get the best mortgage rate. My local bank has quoted 3.975 fixed for 20 years. 20% down. Selling to Fannie Mae. Is that about standard? 800 credit score no other debt besides primary residence mortgage.

To me that seems high interest rate with 20% down and 800 FICO 

personally I would go 30 years. With rates this low I would try to get as long as possible.  Also help with cash flow a little bit 

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