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Rates on investment properties
Posted on 4/15/20 at 12:21 am
Posted on 4/15/20 at 12:21 am
Are rates on investment properties moving down? I am at 5% and banker said he couldn’t do much better but I suspect he would offer lower rate on new loans. I got 5% back when prime rate was 4.75%
5
Posted on 4/15/20 at 1:16 am to WildBillJR
4.875% lowest I’ve seen
Posted on 4/15/20 at 8:12 am to WildBillJR
Not sure on Refis. My banker recently moved from a larger bank to a smaller local bank in north Alabama. She called me and quoted 4.00%-4.25% on smaller (~$200k) commercial loans to move my loan from her previous bank to her new bank. This conversation also occurred on March 19 (didn't feel that long ago).
Posted on 4/15/20 at 8:42 am to WildBillJR
I’m wondering this as well. I’m wanting to know the 15 and 20 year rates. I don’t think I’d ever go back to a 30 year loan.
Posted on 4/15/20 at 9:04 am to WildBillJR
Live in your investment properties for a year and get that sub 3.5% 
Posted on 4/15/20 at 9:42 am to jimbeam
In Texas you can get in the high 3's if you have a good equity position. Say less than 70% LTV. 15 yr would be a little better in the mid 3's. Over 70% LTV and you will start getting up in the 4's.
Posted on 4/15/20 at 10:19 am to WildBillJR
I closed on an investment property last month for 30 at 4.875%. Other option was 15 at 4.5%. 15% down.
This post was edited on 4/15/20 at 10:20 am
Posted on 4/15/20 at 11:01 am to rpg37
I was thinking about this the other day. The real estate market will have to pull back since there will be less people employed and no wage growth for most people that keep their jobs. Obviously certain areas will be hit harder than others. Potential new home buyers should dip considerably over the coming months due to lack of funds, market fear, etc. I’d imagine with a lull in lending that banks will be more lenient with rates, down payment amounts, etc.
Posted on 4/15/20 at 11:07 am to yellowhammer2098
You are not getting 4% now
Posted on 4/15/20 at 1:13 pm to rpg37
If no points charged those are good rates.
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