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Updated over 7 years ago on . Most recent reply

User Stats

11
Posts
1
Votes
Joey Vasquez
  • Homeowner
  • Del Rio, TX
1
Votes |
11
Posts

Type of financing for a rental property

Joey Vasquez
  • Homeowner
  • Del Rio, TX
Posted
completely new to this and would like to know if when you find a property that you'd like to finance. would you be financing the same as you would a regular home for yourself or is it a different type of loan because it is an investment property? thank you...

Most Popular Reply

User Stats

697
Posts
306
Votes
Billy Smith
  • Shawnee Mission, KS
306
Votes |
697
Posts
Billy Smith
  • Shawnee Mission, KS
Replied

I just locked in to a 30-year conventional loan for an investment property. The rate is 4.75%, paid small point $ 350 to get this rate.

It has been long time since I have had a mortgage, it was work to provide documentation on everything under the sun. I guess this is the new reality of doing business since 2008 debacle.

Any one picked a note on single family home  investment property, if so what rates did you get?

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