Interest rate for long term rental loans?

[David Logan]

I am considering buying a house in a suburb of Dallas. I've been working with a Real Estate Agent and has some good possibilities. What I wish to do is buy my 5th rental, and potentially several more in the next couple of years in that area. I am seeing rates in the high 7% area. With a 50% downpayment so I can cash flow this next purchase, I am wondering where would I be rate-wise with me owning 4 rentals now plus my own home in Austin. Credit score is a little low at 691 but only because I have a lot of credit. No late payments ever. I am not filling anything out but with the information I just provided I would love to learn how low you all may be able to go on interest rate for me?

[Alex Williams]

Today you would be at 7.2%. I sent you a PM with more information.

Alexander Williams

[Monty Yeager]

With that credit score you are looking at 7.52% for a 30 year DSCR loan. If you can wait until you raise your credit score above 760, you would be looking at 7.225% for the same loan.

Give me a call if you have questions. My name is Monty and I own this website. 208-794-7430

[Peter Banks]

We currently have funds for Financing Real Estate, Project Funding, Bridge Loans, Construction Financing and Ordinary Loans for Company Export/Import Finance.

Here are the area of our funding:

* Bridging loans
* Business Loans
* Personal loan
* Investment loan
* Auto loan
* Construction loans
* Debt Consolidation
* Credit line
* Lend Lease
* Second mortgage
* Credit Redemption
* Project Financing
* Mortgage
* Refinancing Loans
* Real Estate Investment loans

Contact us for more details.

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