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Updated almost 8 years ago on . Most recent reply

User Stats

71
Posts
11
Votes
Joseph Duenas
  • Rental Property Investor
  • Agana, Guam
11
Votes |
71
Posts

Questions on Financing a 4plex- Down payment and Interest Rate

Joseph Duenas
  • Rental Property Investor
  • Agana, Guam
Posted

Hello. I'm looking into purchasing a 4 plex.  Was hoping to get some answers on a couple of questions:

1. I'd like to purchase the 4-plex with a Freddie Mac loan. What kind of interest rate will the bank give me, and what percentage down payment is required (i.e. 20% or 25%). 

2. I have a line of credit that I use for investing. May I use money from my line of credit as the down payment for the property? 

3. Any other pointers that you might have on getting the best financing for a 4-plex would be appreciated. 

Thank you! 

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