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Updated almost 9 years ago,

User Stats

12
Posts
2
Votes
Patrick Keely
  • San Angelo, TX
2
Votes |
12
Posts

Bank terms & rates

Patrick Keely
  • San Angelo, TX
Posted
We're in the process of securing a loan for our first rent house in Texas. All the local banks are only offering 5 yr terms at 6% give or take. Is this normal? I thought I would be able to find 15-20 year at market rates with our good down payment and credit history.

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