Heloc vs conventional loans
1 Reply
Account Closed
posted about 2 years agoTrying to buy a rental using conventional loan. I talked to my local bank and offer me 6.65% rate at 15 years loan with 25% down. Is this a good rate or I can do better with big banks?
Chris Mason
(Moderator) -
Lender from Oakland, CA
replied about 2 years ago
6.65% on a 30YF w/ 25% down on an investment property, assuming decent credit, is completely out of line. Find a local investor friendly mortgage broker to wipe the floor with that.