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All Forum Posts by: Zach Bartelt

Zach Bartelt has started 1 posts and replied 2 times.

Post: What are you seeing for interest rates on a duplex?

Zach BarteltPosted
  • Professional
  • Los Angeles, CA
  • Posts 2
  • Votes 0
Originally posted by @Marco G.:

I always check aimloan and amerisave (.com for both) as a point of reference. I’ve never found anyone to beat the former and have financed three with the former and one with the latter. Low rates and fees.

How accurate has aimloan been for you? I checked it out and am getting loan quotes starting at 3.375% (3.82% APR) on a 15 yr which seem really low compared to what others are saying.

Post: What are you seeing for interest rates on a duplex?

Zach BarteltPosted
  • Professional
  • Los Angeles, CA
  • Posts 2
  • Votes 0

I am looking into buying a duplex in a nicer neighborhood of the Milwaukee area. I have great credit. The price would be around $160k and I would put 25% down. I recently got quotes from a mortgage broker and they came back at 5% with $5,000 in closing costs. This seems ridiculous to me. Am I right or are these the going rates in today's climate?