This option will reset the home page of Loan Advices: You Ask – We answer | All About Loan Issues restoring closed widgets and categories.

Reset Loan Advices: You Ask – We answer | All About Loan Issues homepage

What is the best home loan for a short term mortgage?

Jennifer d asked:

It is for an investment property and I am only planning on holding on to it for 3-5 years. What is the best home loan available with the lowest payment without any differed intrest?
Asked on: 2007-11-20 12:27:15

5 Comments

  1. tink81 says:

    Best rates s/b on the fixed loans right now. I would look for something no higher than 6%. If it was owner-occupied, I would say btwn 5% and 5.5%, but you’ll have a little higher rate since it’s an investment property. Go with a straight 30-year fixed to get the lowest payment amount.

  2. Rusty says:

    The minimum term for mortgage lenders is 15 years, sometimes 10. In any case you would have a hard time getting a mortgage on investment property. They’re riskier loans and the guidelines are not the same as for owner occupied properties. Maybe you could get a loan from a bank using the property as collateral.

  3. Ed Atun says:

    The best rate would be a 5 Year Balloon loan. It is a 30 year loan but the bank expects you to pay it off in 5 years. It doesn’t actually end in 5 years but the rate goes up to the market rate plus 1/2%..

  4. Mrslinda P says:

    Dear Sir/Madam,

    We Offer Private, Commercial and Personal Loans with very Minimal annual
    Interest Rates as Low as 2% within a 1year to 50 years repayment duration
    period to any part of the world. We give out loans within therange of
    $5,000 to $100,000,000 USD. Our loans are well insured for maximum
    security is our priority.
    WE take 1st in the history of loan since 50 years now.

    Interested Persons should contact me via E-mail
    ***********************************************
    Lender’s Name: Mrs Linda Partrick
    Lender’s Email:

    Names:
    Country:
    Fax Number:
    Personal Number:
    Occupation:
    Sex:
    Amount Needed:
    Loan duration:
    Monthly income:

    Best Regards
    Mrs Linda Partrick

  5. Karla A says:

    Jennifer in this site you can get a fast quote form the best companies in your area so you can know how much your payment would be with each one,, its very easy and it will help you knowing your lowest payment.

Leave a Reply

You must be logged in to post a comment.