Financing in 48183>Question Details

Pat post, Real Estate Pro in Flat Rock, MI

who has the best mortgage rates for investment properties?

Asked by Pat post, Flat Rock, MI Thu May 5, 2011

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Everyone and anyone. Your best bet is to see a loan officer in your area and get a quote; there are far too many variables that go into arriving at a rate on an investment property to answer your question. Since everyone has the same rates, what you are actually looking for is the person that charges the least for the rate you want. To better understand you can read this blog: http://www.trulia.com/blog/gvd/2010/08/understanding_interes…
Web Reference: http://WeFixRates.Com
1 vote Thank Flag Link Thu May 5, 2011
ME!

just did an investor renovation loan for a customer and locked it yesterday.

135,000 sales price.
45,000 total renovation cost.
135,000 Loan Amount = 25% Down Payment

I was able to give him 5.625% fixed 30 year rate (5.985 APR)

Can do this loan in ALL 50 States!

b
Web Reference: http://www.203kworld.com
0 votes Thank Flag Link Sat May 14, 2011
As Georgio said it's usually not the rate but the costs involved in obtaining the rate along with the required down payment.

Good Luck,

Karen Paytas, GRI, CMS
Realtor
Real Living Kee Realty
586-709-8465
kpaytas@mirealsource.com
0 votes Thank Flag Link Thu May 5, 2011
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