Updated over 11 years ago on . Most recent reply
Shopping for the best interest rate
I currently have six rental properties and seven Fannie Mae loans including my personal residence. I was told by my lender which has all six rentals that my interest rate will be 5.25% when I refinance my private money loan. I met with another mortgage company in town and they gave me a verbal quote of 4.3%. I am just wondering why my previous lender which I have a great relationship with would not give me a better rate than 5.25%. I understand that rates are still at all time lows but I am looking for the cashflow I can get.