About BawldGuy

Another week’s in the barn already. It’s Mother’s Day Sunday, and Mom will be accorded the treatment royalty requires.

The rates have remained at the historic lows they hit last week. The ‘Perfect Storm’ for real estate investors, about which I’ve written many times, on these pages and elsewhere, is still at Force-5 strength. How long this window will remain open is anyone’s guess, as my crystal ball hasn’t emerged from the repair shop since the ’70s. The message there is to move it or lose it if you’re thinkin’ of employing real estate as part of your retirement income. This ain’t gonna last forever.

The Rates

If you’re purchasing a SFR your rate, with a 20% down payment, will be 4.75%.

Prefer 2-4 units? At 25% down, you’ll be able to benefit from a 4.625% interest rate.

Let’s talk, OK? Gimme a call at 619 889-7100, and together we’ll make it happen. If you like email better, go up top and click on the Contact BawldGuy button. Have a great weekend.

Chad Emerson’s workload has finally ‘allowed’ him accept my 124th offer to take over his weekly mortgage rate update for him. The guy’s a trooper, but at some point, it just makes sense to let him do his job, and help him with this.

The Rates

As of today the rates for real estate investment properties — 1-4 units specifically — are as follows:

Single family units — 4.75% — assumes 20% down payment.

2-4 unit properties — 4.625% — assumes 25% down payment.

NOTE: The above mentioned down payments will rise 5% each once the investor/borrower has four (4) such loans in place. In other words, the single family loan would then require 25% down, and the 2-4 unit loan would require 30% down.

Meanwhile, back at BawldGuy Ranch, BawldOperators are waiting for your call. 619 889-7100 will find me. You many send me a note, no matter how long or short, by clicking Contact BawldGuy up top. Have a good one.