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Updated over 7 years ago on . Most recent reply

User Stats

19
Posts
5
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Carmen Chow
  • Whitestone, NY
5
Votes |
19
Posts

Which lender do you use?

Carmen Chow
  • Whitestone, NY
Posted

Hello all, 

I have a good credit score (700+).  Looking to purchase an investment duplex in Florida and a local bank is asking for 30% down with 5.625% interest rate. Is that a bit too much?? 

Just wanted to get idea of what banks other people are using... 

I have also read in another forum of using American Internet Mortgage. Any thoughts on that?

Thank you!

Carmen

Most Popular Reply

User Stats

3,818
Posts
4,477
Votes
Cody L.
  • Rental Property Investor
  • San Diego, Ca
4,477
Votes |
3,818
Posts
Cody L.
  • Rental Property Investor
  • San Diego, Ca
Replied

I use a handful of local banks. Up to 80% LTV. 5% 5 year fixed 5-10 year term.

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