Rates / Points ... These Good?

2 Replies

I just got preapproved, and I'm wondering if these numbers are in line with what other investors here are seeing right now (bear in mind this is an investment property):

$160,000 loan 20% down

4.875% @ 2.5 points ($4,000)

or

5.750% @ 1 point ($1,600)

Originally posted by @Dana Powell :

are those rates for full documented loans or are they for asset-based loans? For the latter, I'm receiving quotes for 6. 6.25 for a 75%LTV.

 Full documented