So I'm really into Multifamily rentals and I'm still trying to learn the basics on how to analyze deals accurately and making sure the numbers are precise. My question is When you're calculating a mortgage, how can you assume what will be the interest on a property? Again sorry I like to be precise on the numbers when it's comes down analyzing deals. Any advice will help. Thanks for your time!!!
Consult with your mortgage broker or loan officer. Most brokers will provide you with a rate sheet when asked. When calculating debt service it is always smart to lean towards the cautious side and go 25-50 bps higher than today's rate.
Brook is right, talk to your loan officer at the bank. You want to make sure you have the right numbers for mortgage and taxes when analyzing deals.
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