any one on a 2nd under 6% credit 700+ - Posted by Ray

Real Estate Investing Real Estate Financing
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Posted by GMann on January 04, 2003 at 22:26:25:

You may be able to get a PRIME based adjustable at any of the major and maybe a local bank. Reason being, the banks usually fund 2nds with borrowed money. When the cost of funds go up, they could be under water if they gave a fixed rate that low. If you do get a fixed rate, my best guess is 8% at best if you have excellent credit and can debt qualify.

Best of luck!

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any one on a 2nd under 6% credit 700+ - Posted by Ray

Posted by Ray on January 04, 2003 at 21:42:46:

well i have 2.5m in re at 82% ltv looking to get 90% ltv to expand