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Updated almost 9 years ago,

Matt Schelberg's profile image
Matt Schelberg's profile image
Matt Schelberg
  • Rental Property Investor
  • from Baltimore, MD
  • Member since Jan 28, 2013
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User Stats

281
Posts
257
Votes
Matt Schelberg's profile image
Matt Schelberg's profile image
Matt Schelberg
  • Rental Property Investor
  • from Baltimore, MD
  • Member since Jan 28, 2013
Connect
Matt Schelberg
  • Rental Property Investor
  • Baltimore, MD
257
Votes |
281
Posts
Private Lending & Conventional Mortgage Advice

Lender Offers to Waive 5-Year Call Option...For a Price

Matt Schelberg
  • Rental Property Investor
  • Baltimore, MD
Posted

My lender is offering me a 25-year mortgage on my rental property.  I can choose from 2 options:

  1. 1) 6% fixed with 5-year call option (they can call the loan due at any time after 5 years)
  2. 2) 6.75% fixed with no call option

Interested to get the opinion of the BP community on this.  Which one should I choose?

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