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Updated over 3 years ago on . Most recent reply
Builder Lender Vs Outside Lender which one to choose
Which one should i go b/w Builder Lender Vs Outside Lender to choose for New Construction SFH Investment property finance
Builder Lender:
Rate(Investment Property 30yr fx) - 4.625%
DownPayment - 20%
Total Closing Cost - 11816
Credit (Seller + Lender) - 7500(6500+1000)
Net Closing Cost - 4316 (11816-7500)
Outside Lender:
Rate(Investment Property 30yr fx) - 3.875%
DownPayment - 20%
Total Closing Cost - 12k(3-4%)
Credit - 0
Net Closing Cost - 12K