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Updated about 2 years ago on . Most recent reply

Wesley Myers's profile image
Wesley Myers's profile image
Wesley Myers
  • Rental Property Investor
  • from Inlet Beach, FL
  • Member since Oct 10, 2019
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Wesley Myers's profile image
Wesley Myers's profile image
Wesley Myers
  • Rental Property Investor
  • from Inlet Beach, FL
  • Member since Oct 10, 2019
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Wesley Myers
  • Rental Property Investor
  • Inlet Beach, FL
32
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90
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Short-Term & Vacation Rental Discussions

Portfolio loans, any drawbacks?

Wesley Myers
  • Rental Property Investor
  • Inlet Beach, FL
Posted

I'm currently working with a lender on a Portfolio loan for my 2nd STR. Rate is great (considering market) with 15% down 30yr fixed on an investment property.

I’m not too familiar with these types of loans and it appears they are non-conventional. Plan to refinance in a few years whenever rates come down. No prepayment penalties. Anything I should be aware of on this type of loan?


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Leslie Anne Morris's profile image
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Leslie Anne Morris
  • Real Estate Agent
  • from Smoky Mountains, TN
  • Member since Mar 27, 2022
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Leslie Anne Morris's profile image
Leslie Anne Morris's profile image
Leslie Anne Morris
  • Real Estate Agent
  • from Smoky Mountains, TN
  • Member since Mar 27, 2022
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Leslie Anne Morris
  • Real Estate Agent
  • Smoky Mountains, TN
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Leslie Anne Morris
  • Real Estate Agent
  • Smoky Mountains, TN
Replied

No they’re great. It just means they hold them on their books. 

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