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Updated over 7 years ago,
Questions on Financing a 4plex- Down payment and Interest Rate
Hello. I'm looking into purchasing a 4 plex. Was hoping to get some answers on a couple of questions:
1. I'd like to purchase the 4-plex with a Freddie Mac loan. What kind of interest rate will the bank give me, and what percentage down payment is required (i.e. 20% or 25%).
2. I have a line of credit that I use for investing. May I use money from my line of credit as the down payment for the property?
3. Any other pointers that you might have on getting the best financing for a 4-plex would be appreciated.
Thank you!