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Updated over 12 years ago, 08/03/2012
Points on a small loan?
I'm looking to purchase my first investment property in the 50 - 80k range. I've talked with a few lenders, and it seems that I will be hit with up to 5 or more points because of the small loan amount, my credit score (690) and only 80% LTV.
Is this pretty typical for a small loan? Can I expect most lenders to hit me with this many points in my situation?
Thanks,
Asher