All Forum Posts by: John Carrington

I signed a contract to purchase a duplex and then realized my lender needs 25% down. Is that the norm these days?

Thanks in advance.

Thanks everyone for the helpful comments. I am sticking with 30 year fixed.

Thanks Eddie. I am in my early 30s, so I have some time before retirement. I guess the big question will be what rate I can get on 15 versus 30.

My banker suggested I would get financing easier if I chose a 15yr note on my investment properties. He says those are commercial loans which his bank treat differently than 30 yr notes. Does this sound correct? I don't need cash flow, so I don't mind doing 15 yr notes. I have 5 properties that are paid for and I am looking to leverage those to grow my holdings.

THanks.