Mortgage Blog

20% down Rental Loan

November 17th, 2013 9:29 PM by Eric Fang

Tried to quote a rate for a client. And found out that
we have not bad rate as well. For 200k loan, for the rate
of 4.75%, there are about $2100 credit to the cloeing cost;
4.875% rate has about $4600 credits, enough for covering
most of the rental loans.

So my clients have one more option now. But this lender
is not for everyone. 1)This lender is very strict.
2)You can not do loans with this lender if you have
more than 4 financed properties.

Posted in:General
Posted by Eric Fang on November 17th, 2013 9:29 PM



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