Updated over 5 years ago on . Most recent reply
Lender for investment property in Florida
I bought a SF home in Lake Worth, Florida using a line of credit. I am attempting to mortgage the property to pay off the line of credit so that I can pursue other deals. The amount needed is only about $130,000 and the property is worth at least $190,000. So far the loan offers I obtained seem unreasonably expensive in terms of points and loan costs. I am retired so I do not have earned income but good credit score. Any recommendations on where to seek a reasonably priced mortgage?