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Updated over 10 years ago on . Most recent reply

Katharine Chartrand's profile image
Katharine Chartrand's profile image
Katharine Chartrand
  • Real Estate Investor
  • from Los Alamos, New Mexico
  • Member since Apr 25, 2014
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151
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Katharine Chartrand's profile image
Katharine Chartrand's profile image
Katharine Chartrand
  • Real Estate Investor
  • from Los Alamos, New Mexico
  • Member since Apr 25, 2014
Connect
Katharine Chartrand
  • Real Estate Investor
  • Los Alamos, NM
52
Votes |
151
Posts
Buying & Selling Real Estate

Financing a Rental Property

Katharine Chartrand
  • Real Estate Investor
  • Los Alamos, NM
Posted

I have an existing single family home that I want to mortgage, cash out and rent. 

Last year I was able to get a 4.6% 10 year balloon mortgage for this type of investment property from an online lender.  This year I am finding all avenues for borrowing against this property and cashing out are blocked or relatively expensive (like 6.75%).  6.75% would not make sense for this deal.

I am in New Mexico.  Can people let me know how people are financing rentals these days?

>KNC<

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