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Updated almost 4 years ago on . Most recent reply

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Brenda Ryder
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Lenders for Central Maine Newbies

Brenda Ryder
Posted

I'm looking at purchasing my first investment property (to be a rental) in central Maine - greater Augusta area. I'm seeing many lenders that only want to do ARMs for investment property. I am only interested in a fixed rate mortgage. My credit is excellent. House-hacking is not super appealing at this point. What are your recommendations for a lender that offers fixed rate mortgages for investment properties? If I pay for the property with my HELOC and then seek to refi to a fixed rate mortgage, would that make a difference? Other suggestions?

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