Mortgage Rates Drop Full 1% For Income Property with Caeli Ridge Get Rich Education

Learn how to qualify for an income property loan today.
We discuss what just made mortgage interest rates for investment property drop 1% overnight.
First, I discuss the difference between adequate safety vs. too much safety for tenants in investment properties.
Too many safety regulations have a cost that gets passed onto tenants and even increases homelessness. 
Caeli Ridge, President of Ridge Lending Group joins me.
A few weeks ago, mortgage interest rates for income property fell a full 1% due to the suspension of added risk layers that were added back in March. 
For an income property loan, you need: 1) 15-20% down payment and ~4% closing costs. 2) Credit score of 680 or better, 3) Show sourced & seasoned liquid assets, and 4) 50% maximum debt-to-income ratio. 
There are pros and cons of paying monthly PMI.
Today’s “typical” income property interest rate = 3.75%.
What happens when you try to get more than 10 income property loans? We discuss the terms, called “non-QM” loans.
Get started on your income property loan at: www.RidgeLendingGroup.com
Resources mentioned:
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Show Notes:
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