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Updated almost 4 years ago,
Conventional Mortgage Rate for Rental Properties?
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