Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago,
Using Lending Tree to finance down payment
Hi everyone,
I'm looking to get funding of $25,000 to cover the down payment for a new investment property that was brought to my attention last week. I decided to create a profile on Lending Tree and received several quotes. The best quote was 3 year term at 5.94%. To me, it seems to good to be true so I wanted to see if anyone had experience using this method of financing.
The cash flow from the property will more than cover this loan.
Also, I'm looking to move from my primary residence over the next year. Would this personal loan negatively effect my move?
Any insight would be much appreciated.