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Updated almost 11 years ago on . Most recent reply

Account Closed
  • Cambridge, MA
1
Votes |
7
Posts

Financing Investment Property

Account Closed
  • Cambridge, MA
Posted

Hello,

I am looking for financing options on an investment property. This will be my 4th investment property but only the 2nd one where I have direct mortgage obligation The others are only under my wife's name. However, I am on the title for all 4. Besides that, I also have my primary residence's mortgage that's under my name only.

In looking at financing options, the lender that I typically deal with can only offer arm rates that's fixed for 3, 5, 7 or 10 years with 25% down. I am okay with 25% down payment but prefer a 30yr fixed rate mortgage. Does anyone have any recommendation for banks/institutions that offer 30yr fixed rates in my area (Grater Boston Area). Also, is this fairly standard in other areas?

Thanks.

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