Thanks for your information

Thanks for your summary. Just did a little more research. It seems the benefits of those agency loans are:

1. lower interest rates compared to regular commercial loans----is that still possible to get one agency loan with rate lower than 4% now?

2. can do the loan 15 or 30-years fixed, instead of 5 or 7-years fixed for regular commercial loans. 

3. lower downpay requirement

4. non-recourse

Cons: 

1. loan cost is high (5-7%). more paper work. 

2. prepayment penalty is high---either could be yield maintenance (that penalty is a lot as JY mentioned) or step-down prepayment penalty (like 5-4-3-2-1).

所有跟帖： 

• 今年4%一定不可能了。除了费用高时间长，卖方市场（去年）卖家不爱接受agency loan，可能做cashout更好用。 -守月- ♀ (0 bytes) () 10/19/2022 postreply 19:08:04

• Good to know. Thanks for the input. -xhjaer19721- ♀ (0 bytes) () 10/19/2022 postreply 19:20:56