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.
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.