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Updated almost 8 years ago on . Most recent reply

Eunice L.'s profile image
Eunice L.'s profile image
Eunice L.
  • from Sunland, California
  • Member since Nov 30, 2016
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Eunice L.'s profile image
Eunice L.'s profile image
Eunice L.
  • from Sunland, California
  • Member since Nov 30, 2016
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Eunice L.
  • Sunland, CA
35
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55
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Personal Finance

I would love your input regarding a lender rate!

Eunice L.
  • Sunland, CA
Posted

Hi everyone!

I am looking to buy several investment properties out of state and just got preapproved. We have zero debt and our credit score is 806. The lender is offering 4.75% on a 30 year conventional loan with 20% down. Does this sound like a great deal to you given our credit score and zero debt? Should I negotiate and if so how and what should I be asking for that is reasonable? I would really appreciate your input! 

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Caleb Heimsoth's profile image
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Caleb Heimsoth
  • Rental Property Investor
  • from Durham, NC
  • Member since Oct 1, 2016
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Caleb Heimsoth's profile image
Caleb Heimsoth
  • Rental Property Investor
  • from Durham, NC
  • Member since Oct 1, 2016
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Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
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Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
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This sounds like a pretty good deal to me. Is it for an investment property? I got a rate of 4.875 with 20 percent down but my credit is only around 740

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