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Updated over 7 years ago on . Most recent reply

User Stats

30
Posts
3
Votes
Jay Elvin
  • Investor
  • Collegeville PA
3
Votes |
30
Posts

Using Lending Tree to finance down payment

Jay Elvin
  • Investor
  • Collegeville PA
Posted

Hi everyone, 

I'm looking to get funding of $25,000 to cover the down payment for a new investment property that was brought to my attention last week.   I decided to create a profile on Lending Tree and received several quotes.  The best quote was 3 year term at 5.94%.  To me, it seems to good to be true so I wanted to see if anyone had experience using this method of financing.  

The cash flow from the property will more than cover this loan.  

Also, I'm looking to move from my primary residence over the next year.  Would this personal loan negatively effect my move? 

Any insight would be much appreciated.  

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