I’m currently looking to put an offer on a single family home that costs $537k in Phoenix, Arizona. I will be putting 5% down and shopping for lenders. Anyone recently found a lender with interest rates lower than 6.99% without any points? #investments #realestate #housing
You’re never gonna get lower than 6.99 on a standard 30 year mortgage, even from a credit union. The only hack is to do something like seller financing. Or you can try for 6.85 (lol) on a 15 year.
What’s seller financing?
Arm or mortgage buydown is possible
Gonna be a bag holder i see , good , economy needs more people like you . Keep working 🐑
🥹 are you the rent for life kind of person?
Pay your rent with investments
No way. Not with 5% down.
5%down? W
Curious, what is your TC and yoe?
If you increase the down payment to 20% you may be able to get 7/1 Arm to less than 6.5% from a Credit Union.
OP - which area in Phoenix , I am planning to buy for Investment purpose which can generate continuous rental income . How much rent could we get for that price ?
In Canada you can get 5.90% but 53% taxes 🤡
That’s a bummer!!!