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Subject:
Investment Property Loans
Category: Business and Money > Finance Asked by: tphoenix-ga List Price: $25.00 |
Posted:
09 Feb 2006 22:32 PST
Expires: 11 Mar 2006 22:32 PST Question ID: 443989 |
I recently noticed that ING.com is offering very cheap home mortgages. You can get one for a good rate for $550. This is vs. typical acquisition fees of aroun 1.5% in my area, so a significant savings on most purchases. I assume the rate is so low because it is an online bank and so has very little overhead. The problem is that they only offer loans for owner occupied properties. I am an investor and need loans for non-owner oc. properties. I'm wondering if there are other companies, similar to ING, that operate online and have low overhead but that do non-owner occupied property loans ... and do so at a signficant discount vs. tradional brick and mortar establishments. |
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