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Updated about 2 years ago on . Most recent reply

Michael Coco's profile image
Michael Coco's profile image
Michael Coco
  • Attorney
  • from Princeton, NJ
  • Member since Jun 19, 2021
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Michael Coco's profile image
Michael Coco's profile image
Michael Coco
  • Attorney
  • from Princeton, NJ
  • Member since Jun 19, 2021
Connect
Michael Coco
  • Attorney
  • Princeton, NJ
15
Votes |
39
Posts
Private Lending & Conventional Mortgage Advice

What's a good rate right now for conventional mortgage 30 yr?

Michael Coco
  • Attorney
  • Princeton, NJ
Posted

I have an approval letter for a conventional 30 year mortgage for an investment property with 15 percent down. I feel like it's a little high, though I know rates are high right now. I'm looking for some comparisons. Thanks! 

Philadelphia, Pennsylvania
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Jevon Shaw's profile image
Jevon Shaw's profile image
Jevon Shaw
  • Investor
  • from DFW, TX
  • Member since Jan 2, 2022
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Jevon Shaw's profile image
Jevon Shaw's profile image
Jevon Shaw
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  • from DFW, TX
  • Member since Jan 2, 2022
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Jevon Shaw
  • Investor
  • DFW, TX
160
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193
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Jevon Shaw
  • Investor
  • DFW, TX
Replied

My last rate was 7.25% back in December with 25% down. If you're getting a higher rate than that, I would think it'd be hard to cash flow right now

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