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!

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.

If you decide to keep the property and not flip it I know of a program that you can pay off the mortgage in 7 to 11 yrs Without!! making an extra payment. If you would like a free analysis on this ptoperty go to http://www.yourdreaminlv.com and fill out the analysis form. If you have any questions you can post them there also.