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Updated over 11 years ago, 05/09/2013

User Stats

10
Posts
0
Votes
John Mastro
  • Multi-family Investor
  • Eagle, ID
0
Votes |
10
Posts

Best rate conventional loan on 4 unit

John Mastro
  • Multi-family Investor
  • Eagle, ID
Posted

Anyone want to share what the best rate your getting on a fourplex 30 yr. At some point I want to do some refinancing.
Thanks,
John

User Stats

308
Posts
59
Votes
Bryce Y.
  • Dallas, TX
59
Votes |
308
Posts
Bryce Y.
  • Dallas, TX
Replied

I got 4.125% with 25% down on mine.

User Stats

10
Posts
0
Votes
John Mastro
  • Multi-family Investor
  • Eagle, ID
0
Votes |
10
Posts
John Mastro
  • Multi-family Investor
  • Eagle, ID
Replied

Thanks Bryce,
I just got offered 4%, but I think I need 3.75% for it to be worth it. Prolly never get there!
I'm currently a couple yrs in at 4.825%

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User Stats

81
Posts
22
Votes
Elliot Mendoza
  • Homeowner
  • El Paso, TX
22
Votes |
81
Posts
Elliot Mendoza
  • Homeowner
  • El Paso, TX
Replied

I recently(one or two months ago) refinanced a SFH to 4.25%, i found out the interest rates dropped below that in the last few weeks :(

User Stats

7,658
Posts
4,299
Votes
Roy N.
Pro Member
  • Rental Property Investor
  • Fredericton, New Brunswick
4,299
Votes |
7,658
Posts
Roy N.
Pro Member
  • Rental Property Investor
  • Fredericton, New Brunswick
ModeratorReplied

This will depend very much on where you are borrowing :) I just had a conventional mortgagee quote me 2.9% on a quad this week, but I'm looking for a private funding opportunity (at a higher rate) as I would prefer not to tie-up as much cash in a down payment.

  • Roy N.
  • User Stats

    10
    Posts
    0
    Votes
    John Mastro
    • Multi-family Investor
    • Eagle, ID
    0
    Votes |
    10
    Posts
    John Mastro
    • Multi-family Investor
    • Eagle, ID
    Replied

    2.9 would be awesome but won't see that down here in the USA no matter how much I put down.