First step is to not worry about what others think.

Investors, interest rates for short-term loans are on the move!

However, given the recent rise in interest rates, if you're locked in at a 3% rate and the market is now at 7.5%, there's a possibility that the bank might call your loan if you've violated the loan covenants.

Its your first deal and going out of state requires a deeper level of expertise IMO.

I bought my first property with JWB a few years ago and have no complaints, they are a top notch organization.

This might be a weird question but I am starting my first Airbnb, I am wanting to fit as many people as a I can in a 3 bed & 2 bath, 1,200sq ft.

Hi Yulia, First, make sure the company is legitimate. 

Most rate changes happen in intervals of  and ideally, you'll want a + for competitive rates.

For the first loan the bank has to take the "Niederstwertprinzip" in account, that means, even if you buy at a huge discount, the bank can not appraise the property higher than your purchase price for that loan.

A local bank suddenly increased the rates of several loans, resulting in over $40,000 increase of interest annually.when I found out, I asked for the reason.