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Updated over 7 years ago,
How do I get 30 year term?
I get why 30 year loans are best, and I'm not posting to debate that. I'm trying to achieve it.
I've called 10 different banks mostly small or local credit unions. I can't find anyone who gives 30 year loans. I'm purchasing my second property now and debt to income will be a problem with my next property. (I just purchased my first property 4 months ago and no one wants to count income from that until it's been a year).
As soon as I say "LLC" or "investment property", everyone tells me the max term is 20 years. Does anyone have advice on finding banks that will entertain a 30 year mortgage for investors? Is anyone else having the same problem?