All Forum Posts by: Clark Kongs

I applied to refinance one of my rental properties that has a conventional loan and the rates were garbage. I refinanced my personal residence last week and got 2.5% but for an investment property they were quoting 4.75% on a 30 year conventional note with 70% LTV. Has anyone run into this? Should I look to other lenders or am I going to see the same thing?

Thanks Gregg. So can we put one name on the mortgage and both of our names on the title or do the title and mortgage have to match?

If i am partnering with someone 50/50 (buy and hold strategy) and we put both of our names on each mortgage does that mean that we are limited to 10 conventionally financed properties combined as opposed to 20 if we were working independently?  I have read the information from fannie mae and it seams contradictory. The part i am hung up on is where it says -"the financed property limit: is cumulative for all borrowers"  Thanks in advance.