Updated over 10 years ago on . Most recent reply
Mortgage Rates - April 2015
Got a quote for a 30-year fixed at 5% with 20% down on investment property. Does that sound about right? My credit is excellent.
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My last loan was 4.5% but was told rates will increase a bit. I could probably get slightly better by shopping around but had a local bank give a loan to buy out my last local co owner in a REI company and had to restructure a lot of loans but got 4% on the big one so I am dam happy with that. I ran the margins a bit tight and put them all on a 15 year note with a 5 year ARM. I hope rates stay down for at least 3 more years or I may have to extend some loans to keep cash flow at break even levels. My credit in the 800s as well, but I do not think I can get better than 4.5% locally at the moment.