Get the exact figure from your lender.5.5% is rare unless you have an 850 credit score, perfect DTI, and abundant income.

There is additional reserve requirements when buying more than 1 unit, so get up to speed on those so you are prepared to have those in place at the time of closing your loan. 

Many cities even require a credit check or a back ground check.

I am in the process of preparing to move to the Seattle area next summer and as part of those preparations I am planning to sit for the Washington Managing Broker Reciprocity Exam next month. 

Our credit is pretty strong, we only have about 7k cash on hand, and we screwed ourselves into a good bit of debt.

Hi Everyone,I’m looking into applying for a fixed rate HELOC and was wondering if anyone has any recommendation on which bank or credit union I should focus on?

Then I guess he will have to decide if he’d like to keep his credit score or have a judgment against him.

They agreed to try to find something to buy but my father doesnt have an amazing credit score like me or my brother, plus he is unemployed so he wont get a mortgage.I told my brother that he has to be the one getting the mortgage because I have plan of starting my real estate investing career in January (buying a duplex) so I cant have a mortagage like that on my name because my debt to income ratio will be high.

It's bad enough that grandma is getting out of it after all these years so you need to be prepared to kick these tenants out immediately, clean the place up, and then find new tenants.

It's called Debt Service Credit Ratio.