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Rates for HARP loan investment property:

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clipperskipper
Regular Contributor

Rates for HARP loan investment property:

Hi just curious what sort of HARP rates folks are being quoted on investor properties? One local bank is quoting 4.25% on a 30 year, I have yet to get figures from him for both 15 and 20. Since it is a Freddie Mac property, he was able to recertify the original appraisal from 2008, making total closing cost zero$.

 

Next local bank is quoting 2.86% on a 15 year, 3.50%, and again no fees. This could be a winner!

 

I'm really all set with mortage brokers and horrific fees. Heck one place sells all of its' mortgages to a hedge fund!

 

I tried to work with Quicken, however with my full time job, and two schedule C's, the kid there said I don't have the income. No biggy, kid was a D'bag anyway, and obviously doesn't understand the new mortgage triangle which HARP is utilizing, or schedule C's and E's.

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webhopper
Moderator Emeritus

Re: Rates for HARP loan investment property:

Wow the quicken kid sounds like a moron.

My investment property was financed with Fha in 2008. I'm refinancing it to 3.5% now.
FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.

Goal: Gardening!


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