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Updated over 6 years ago on . Most recent reply

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11
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2
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Jerald Sander
  • Saint Louis, MO
2
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11
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Residential mortgage qualification?

Jerald Sander
  • Saint Louis, MO
Posted

Rookie question: Traditional lenders say they'll only make a commercial loan for a SFR property because it isn't my primary residence. They'll do 20 year amortization with a 3 to 5 year payoff or at least a rate reset. I read BP posts about getting residential mortages and wonder how. Am I talking to the wrong lenders or saying the wrong words or ??? Thanks for the Real Estate Investing 101 lesson.

  • Jerald Sander
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