Basically for investment duplex, the lender will charge 2.75 points(1.75 for rental, 1 for duplex), the lender has to increase the rate to pay those 2.75 points for you.
Your rate is a little bit high, but in mid-west that's rate when no competition, or when no other lenders want to do investment loans.
It's ok in your area
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thanks a lot.
-carroll-
♂
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09/25/2010 postreply
07:59:12