Portfolio lending

[Nathan Waters]

What are typical portfolio loan rates compared to conventional mortgages? Do they usually come in 30 year fixed like traditional? or are they more similar to commercial loans with 5 year balloon payments? My specific situation is this. I have a primary mortgage on my personal home. I have a primary and HELO on one rental that I plan on selling in two years. I have two fix and rent properties under contract, expecting to close next week. I would like to mortgage the two new properties after repairs are made and pay off some debt. I don't know if the limit of 4 mortgages that I hear about applies to number of rentals, or total number of mortgages. Would the rental with 2 loans count as 2? would my primary residence count against me in my ability to take out a lien on two more properties? Anyone with experience or expertise is greatly appreciated. Thanks in advance.