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Updated about 5 years ago, 11/14/2019
Interest rate off investment properties
what is the going rate now for interest rate on investment properties? I Ran some numbers with local mortgage loan company and i was quoted 5.62% with 20% down payment on a $150K loan. nothing spectacular on credit report, just shy of 700. surely there are better rates out there, right? I was told because I'm sub 700, i should consider 25% down to get 5.5%.