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Updated almost 2 years ago on . Most recent reply

User Stats

25
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6
Votes
Isaac J Mork
  • Rental Property Investor
  • Bellingham, MN
6
Votes |
25
Posts

Do banks only offer 5 year ARM now?

Isaac J Mork
  • Rental Property Investor
  • Bellingham, MN
Posted

What happened to the 25 year or 30 year fixed rates?

I don’t know that I want the financial risk of rates to go up in 5 years and it kills the cash flow and we are out in a panic sell situation or just operating at 0 cash flow.

Most Popular Reply

User Stats

4,133
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3,809
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Jaron Walling
Pro Member
  • Rental Property Investor
  • Indianapolis, IN
3,809
Votes |
4,133
Posts
Jaron Walling
Pro Member
  • Rental Property Investor
  • Indianapolis, IN
Replied

Our local lender offers various types of loans. We have a HELOC open on our primary. We're about to close on another investment loan. 30yr fixed, conventional, @7.1%, 1.25pts. Shop around and talk to other lenders or investors. You'll probably get hounded on here. There's tons of lenders that work with investors nationwide (DSCR, conventional, equity lines, HM, etc.)

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