I buy rental houses in a small town I need better interest rates i have about a seven hundred score but for investments i get a shitty rate of 9% or so?
3 Comments to “Where can I find the cheapest interest rates for rental investments?”
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Jo Blo said:
On July 18th, 2008 at 6:07 am
gotta be a large town somewhere within a couple hundred miles,, in that large town will be a large bank with good interest rates
rates may be 1% higher on something like apt,, so 7% +-
loansbytami said:
On July 21st, 2008 at 2:21 pm
Wow, cheap and investment are almost an oxymoron in our industry (I’m a loan officer). I currently have a few investors in escrow for a few properties and the rates I have gotten them are 7.95% on a 90% loan to value loan – one loan, no MI.
The market has tightened up so much in the past few months that these high ltv investor loans have taken a huge hit in interest rates.
I am a broker so I actually have shopped around extensively for investor loans. From Bank of America to Countrywide to World Savings to Greenpoint. Best advice I can give you is put down 20% and get an option arm…..it’s the best way to leverage your cash flow and keep those mortgage payments low. You’re gonna sell in a few years anyway……by that time, appreciation will far exceed the neg am and you’ll walk away with a lot of cash in your pocket with minimal outgo during the process…..
jack said:
On July 24th, 2008 at 6:15 pm
I have a list of some good websites offering Mortage Loans with low Interest rate and fast approval. Its a policy voilation of yahoo if i post any link here.
Just mail me at with subjet- Mortage Loans. I will send a link of best website where you can find best Loan offers,tips and resources.
On July 18th, 2008 at 6:07 am
gotta be a large town somewhere within a couple hundred miles,, in that large town will be a large bank with good interest rates
rates may be 1% higher on something like apt,, so 7% +-
On July 21st, 2008 at 2:21 pm
Wow, cheap and investment are almost an oxymoron in our industry (I’m a loan officer). I currently have a few investors in escrow for a few properties and the rates I have gotten them are 7.95% on a 90% loan to value loan – one loan, no MI.
The market has tightened up so much in the past few months that these high ltv investor loans have taken a huge hit in interest rates.
I am a broker so I actually have shopped around extensively for investor loans. From Bank of America to Countrywide to World Savings to Greenpoint. Best advice I can give you is put down 20% and get an option arm…..it’s the best way to leverage your cash flow and keep those mortgage payments low. You’re gonna sell in a few years anyway……by that time, appreciation will far exceed the neg am and you’ll walk away with a lot of cash in your pocket with minimal outgo during the process…..
On July 24th, 2008 at 6:15 pm
I have a list of some good websites offering Mortage Loans with low Interest rate and fast approval. Its a policy voilation of yahoo if i post any link here.
Just mail me at with subjet- Mortage Loans. I will send a link of best website where you can find best Loan offers,tips and resources.
best wishes