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Updated over 15 years ago,
What rates are you getting for 60% - 75% LTV Investment Properties?
I am looking at some inexpensive condos in a lower-income area offered for $54,500. With lending being what it is these days, I am thinking of going in with a $20k down payment for a $34,500 mortgage. My spreadsheet indicates $60/month positive cashflow.
What are people getting for 30-yr fixed rates from major or local banks on properties with this kind of LTV? (about 65%)