Rate Quote - Posted by Andy

Posted by Andy on March 27, 2006 at 17:12:57:

Patrick,

That is the only lender fee. No discount points or anything like that.

There are obviously other fees like appraisal and title.

Rate Quote - Posted by Andy

Posted by Andy on March 27, 2006 at 16:31:52:

I have a 7 unit under contract.

The best financing terms I have been able to find are from a local bank. They are quoting 7.125% on 25 year amort. with a 5 year balloon. With a $250 app. fee.

I have an 805 credit. 20% down . Property has 1.2+ DSCR. I have good income and other assetts. Loan amt. about 174k

Anbody seeing terms better than this. If so where?

Thanks

Re: Rate Quote - Posted by Patrick S. Lawson

Posted by Patrick S. Lawson on March 27, 2006 at 17:06:32:

Is the $250 the only fee?
If so thats a good deal.

It’s tough to find a rate that low with a loan amount below 500K.