Mortgage broker for conventional loan

[Arti Ta]

What's the 30 year term mortgage we could get with 20%-25% down with no fees? 

[Jason Wray]

In this high rate market you are better off doing 15% down and taking an ARM rate. You can get a decent rate on a 3-Year Fixed ARM and simply refinance next year when rates drop. Why risk putting 20-25% down when home prices are dropping and rates are at a 21 year high. Stay cash fluid put less down and refinance next year or within the fixed term 3, 5 or 7 years.

Just make sure you shop around and do not take a prepayment penalty!  I would advise using a Portfolio loan especially if its a MF - multifamily.

It's tough to expect to cash flow out of the gate in this market so I would approach it like a true invetment over time.  As long as your burn rate is within the 12-24 months you will recoup your capital and grow your passive income.