interest Rate to high?

[Charles Bright]

I'm investing in a buy and hold. 30 year conventional loan one has been quoted at 5.15%,the other at 5.25%. Is this to high or am I good?

[Thomas S.]

It depends entirely on your cash flow numbers.

Are you working with a broker or going to banks/financial institutions directly. You need a broker.

[Charles Bright]

I'm actually going to a bank and a broker.   I filled out applications for both and the broker was lower. 

[George Despotopoulos]

Charles, for conventional it seems to be around the norm atm.

[Stephanie Medellin]

@Charles Bright Rates are based on the type of transaction (purchase / refinance / cash out refi), occupancy (owner occupied or investment), credit score, loan amount and percentage down payment, property value or purchase price, and property type (SFR / 2 unit / 3 unit / 4 unit). So we would need more info to answer your question.

Not everyone gets the same rates, despite so many lenders advertising their rates online.  Don't forget, rate quotes are kind of useless until you're ready to lock your rate, since rates fluctuate every day!

[Charles Bright]

sfr  with credit score of 740 and putting 20% down on $230,000 with property appraising at $250,000...