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Updated almost 4 years ago,

User Stats

120
Posts
12
Votes
Lei L.
  • Rental Property Investor
  • Indianapolis, IN
12
Votes |
120
Posts

Conventional Mortgage Rate for Rental Properties?

Lei L.
  • Rental Property Investor
  • Indianapolis, IN
Posted

Hi, I am planning to do cash-out finance for my rental properties (purchased in cash). I just asked one lender and the rate (30yr conventional) seems pretty high - 4.5% with 0.75% discount (cost charged in closing, I don't know the closing cost yet). With the rapidly rising interest rate, I hope to take the loan now instead of waiting. 

Any recommendations for good lenders that work well with investors? 

What rate did you get recently? 

Thanks

Lei

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