Tuesday, September 16, 2008

Investment Property Financing Update: 9/16/08

Not such good news in the investor financing arena.

We have been receiving rate adjustors from our lenders of an additional 1% cost for investment property financing at 80% and 90% loan to value. The rate hits are not as severe at 70%.

We received the last investor increase today (of our 8 we place loans with), so from here on out it is going to be more expensive to finance investment property (for the time being, anyway!).

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