All Forum Posts by: Saran Mandhadapu

 There are no pre-payment penalty for any of the options mentioned above. Not sure about Yield Maintenance fees, will ask. Which loan out of the options above do you think is better? The loan amount is less than 100K.

Thanks

Saran

Bonnie -- There are no pre-payment penalty for any of the options mentioned above. Not sure about Yield Maintenance fees, will ask. Which loan out of the options above do you think is better?

Thanks

Saran

Hello,

I am in the process of purchasing a multi-unit property. I need help in deciding which mortgage to choose out of the options below. Please give me specific answers keeping in mind that all other terms are the same for all of the options below.

1) Bank A

Fixed interest rate = 4.375%

Fixed Period = 5 years

Repayment Loan term (balance due in) = 5 years

Amortization = 15 years

2) Bank B

Fixed interest rate  = 4.5%

Fixed Period = 5 years

Repayment Loan term (balance due in) = 15 years

Amortization = 15 years

3) Bank C

Fixed interest rate = 4.7%

Fixed Period = 5 years

Repayment Loan term (balance due in) = 20 years

Amortization = 20 years

4) Bank D

Fixed interest rate = 5.35%

Fixed Period = 10 years

Repayment Loan term (balance due in) = 20 years

Amortization = 20 years

Thanks,

Saran

Hello,

Can you guys help me by listing or PM me the banks or mortgage lenders that you had success in financing a 5 unit residential property in PA? This will be my first purchase and I need help in find the lenders that provide financing for 5 unit properties in PA. I am able to put the required down payment. I am having hard time finding lenders willing to finance below 100K for a 5 unit property. I called a few lenders and they said they only finance upwards of 500k or 1M.

Appreciate if anyone local to PA, NJ, DE, MD can provide me guidance.

Thanks,

Saran