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Answers (14)
- Cindy Ayre, "cindyayre"
- Contributions:2
Most lenders consider buildings with 4 and under units residential property. The rates and downpayment information can vary depending on the lender but generally a residential property is financed at a different rate/terms than a commercial property. Again check with a local lender. The bank is also looking at the amount of money you are putting down and your credit. These things can also influence the rate offered by the lender.
- Mark LeMenager
- Contributions:1716
I've personally bought quite a few investment properties over the years. Figure that you will pay a half to a full point extra for an investment mortgage. Great time to get started. Good luck, Mark
PS to Sunny, just report him and move on. The spam police will remove it. Please quit wasting so much space with all these totally off topic, anti-spam messages.
PS to Sunny, just report him and move on. The spam police will remove it. Please quit wasting so much space with all these totally off topic, anti-spam messages.
- sunnyview
- Contributions:25139
Enough spam please Mr. Talas. I have a severe allergy to fresh spam. You need to read the Zillow policy against self promotion here. You can always direct people to your profile page so people can learn more about your and your business. Zillow also has a great video to help you make the most out of your profile here. Hope the links are useful.
- Robert Talas, "RobertTalas"
- Contributions:15
It depends on a few different factors. How many units will the investment property consist of? One family two family? What percent of the contract price will be your down payment. Please contact me to further discuss. I would love to do your loan for you at a very low interest rate!
You can email me[content removed by moderator due to self-promotion]
- Johnny James, "Palmdale Mortgage"
- Contributions:406
A paper investor with 20% down you are looking at 5% range
F paper investor with 35% down you are looking at 10% range
F paper investor with 35% down you are looking at 10% range
- Kelly Lacey, "kellylacey"
- Contributions:797
You're already there...submit a loan request on Zillow. You'll receive several quotes customized to your loan specifics.
- Tom Matthews Joanne Taranto, "TomAndJoanneTeam"
- Contributions:528
Hello:
A great place to look is either bankrate.com or gombergfinancial.com . Generally investor rates are a point higher than traditional owner occupied loans. Best.
A great place to look is either bankrate.com or gombergfinancial.com . Generally investor rates are a point higher than traditional owner occupied loans. Best.
- gabbers511
- Contributions:3
Property in MA. Looking at a fixed rate loan.
- Richard Baumgardt, "Richard Baumgardt"
- Contributions:6
Also what state are you buying this investment in?
- Richard Baumgardt, "Richard Baumgardt"
- Contributions:6
Fixed or Arm?
- Heidi Zizza, "Heidi Zizza REALTOR"
- Contributions:724
I have a client closing a property tomorrow hes an investor not living in the property. He put down 30% and got 4.75 with TDBank.
- Nic Netherton, "Colorado Lender"
- Contributions:7219
Put 25% down for better interest rate. Rates would be in the high 5% range.
- gabbers511
- Contributions:3
I'm looking to put 20% down. Credit score is >700.
- Richard Baumgardt, "Richard Baumgardt"
- Contributions:6
It all depends. What LTV are you going? What's your credit score?
What's the interest rate on a real estate loan if ur an investor and not buying the house to live?
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