I have a question about current rates. I am purchasing an investment property in california and was wondering what are the current rates for a stated income 80/10/10 10yr i/o. My broker is offering me a 7.5% with a 11.50 percent HELOC. This seems rather high. My credit score is 750+. Should there be such a high margin on the HELOC? Any help would be appreciated. Thanks!
super realtor
Major Contributor
Registered: 05/01/05
Posts: 8472
Loc: georgia
What's killing you is the stated income and not doing a full doc,rates are really not that bad for an investor loan.Make sure the loan is fixed and also that there are no pre-pay penalties especially if you want to flip the property.
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This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
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