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Updated over 5 years ago on . Most recent reply

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13
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Sut Sinpraw
7
Votes |
13
Posts

Looking for Banks/Lenders in DFW, Texas

Sut Sinpraw
Posted

Hi awesome BP members,

I bought one single family home with cash last 6 months ago. Now I am in the process of buying another one with 20% down payment traditional convention loan with 6% interest 20 years term with a local bank. I think the interest rate is too much and I want 30 years fixed but this bank does not offer such loans. So I am looking for lenders/ banks with low interest rate with 30 years fixed loan. I prefer local or face to face meetings not over the phone conversations. I am buying properties for Buy & Hold. I am planning buying 2 or 3 properties every year. Please let me know if you or anyone has any recommendation for local banks/ lenders in DFW Texas. 

Thanks in advance,

Sut 

Most Popular Reply

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Alex Bekeza
  • Lender
  • Los Angeles, CA
1,267
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2,247
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Alex Bekeza
  • Lender
  • Los Angeles, CA
Replied

If you have strong FICO then that rate is too high and term length too low. 

While I understand your desire for a face to face interaction I wouldn't rule out the possibility of an out of state provider offering better terms as long as you can build trust and do some due diligence like sorting through references. 

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