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Updated about 10 years ago on . Most recent reply

User Stats

22
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9
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Chad Kamerad
  • Real Estate Investor
  • Springfield, IL
9
Votes |
22
Posts

are these good terms?

Chad Kamerad
  • Real Estate Investor
  • Springfield, IL
Posted

I think this is a good deal and a good bank to work with. Just wanted some feedback. The terms are as follows: 20% down commercial 3.5% 5/1 ARM 20 year loan. Loan gets adjusted every 5 years and will not be raised over 2%. I want to work with this bank because they have no cap on the number of mortgages they will loan. It's a small bank that keeps loans in house. I would appreciate the feedback.

Thanks,

Chad Kamerad

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