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Updated about 7 years ago on . Most recent reply

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63
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Thomas Shaw
  • Texas City, TX
43
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63
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Bank for 30 year amortization on rental property

Thomas Shaw
  • Texas City, TX
Posted

Hello,

I'm looking around for an investor friendly bank that offers a 30 year amortization without being over 6% interest. I've checked around a few places without much luck. 

When they find out it's going to be a rental property I stop getting the conventional loan rates of 4-5% for 30 years. And a 30 year makes my CoC ROI look so much better.

So, does anyone have any contacts or suggestions of places to hit up?

Thanks a lot.

Most Popular Reply

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2,076
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Grant Rothenburger
  • Investor
  • Taylor Mill, KY
963
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2,076
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Grant Rothenburger
  • Investor
  • Taylor Mill, KY
Replied

@Thomas Shaw Did you check with the bigger banks? They're less flexible but usually offer lower rates.

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