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Can I lower my rate from 7.125% rate on my South Carolina condo invstmt property? Excellent credit!

I have excellent credit and would like to significantly lower my interest rate...any bank that I should work with?
  • May 17 2010 - Bluffton
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Answers (3)

Hi tvanar,
The possibility of significantly reducing the interest rate and payment are available.  I would suggest an analysis comparison to look at the entire picture.  The interest saved over the life of the loan, reducing loan time frame and break even points are all key items for refinancing.
Please let me know if I can be of any assistance.

Thank you,
Lael Laster
[contact info removed by moderator]
  • June 06 2010
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Profile picture for CORONA NICK
For an investment property, the interest rates are usually higher, about one whole percent....fyi.
  • May 19 2010
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If your credit, loan to value, and income can qualify you, then YES you can lower and find Condo Investment property rates in the low to mid 5% range. Post a request on zillow mortgage marketplace to get localized quotes.  

  • May 18 2010
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