Posted by Melissa Colvard on March 10, 1999 at 12:22:18:
I have shopped around for these mortgages. I found some with as low as 7.5%, but they charge quite a bit in points. If you want the name of the broker that I am dealing with, please email me.
Non owner occupied Mortgage 10.75% too much ? - Posted by Tom
Posted by Tom on March 10, 1999 at 12:11:53:
Hi
I have found a Tri-plex FSBO for $185,000. The Owner
said he would carry a small $10,000. Mortgage, so I went to a Mortgage Co. and they Want to charge 10.75%-11.75% for
non owner occupied is that too much ?
the property brings in $1950 a month,it could be 2000 or more the most I can afford is 9% any ideas out there ?
Thanks Tom
Re: Non owner occupied Mortgage 10.75% too much ? - Posted by AJ - Oklahoma
Posted by AJ - Oklahoma on March 16, 1999 at 11:51:36:
10.75% seems a bit high. I just recently was quoted 8% no points on a 30 year NOO and 7.5% no points on a 15 year NOO (both were 10% down).
AJ
Re: Non owner occupied Mortgage 10.75% too much ? - Posted by Dave T
Posted by Dave T on March 11, 1999 at 23:28:40:
Today, Countrywide Home Loans quoted me 7.375%, 30-year fixed, and 90% financing for SFR and Townhomes (80% financing on condos) – with 1.5 points.
Re: Non owner occupied Mortgage 10.75% too much ? - Posted by Jen NE
Posted by Jen NE on March 10, 1999 at 13:42:47:
That seems kind of high to me now. I’m working with Karp (whom I met in Dallas) and I locked in on 7 5/8% NOO with 10% down… Maybe you should give him a call or respond to one of his posts. Or email me for his phone number.
Good Luck!!!