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Originally Posted by Slava
Wow, 2% for mortgage rates is crazy. What are the fixed rates at, at this point?
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5 year fixed is anywhere in the 2.54-2.64% range depending on desired product, credit/income, etc.
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What is the rate if I incorporated a #co to purchase property? I'd be putting 20% down
No, I don't want to sign a personal guarantee for the #d co - the lender would have security with a mortgage against the land.
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As far as I know (and I asked some other brokers within my brokerage), we don't have access to something like this within the broker channel. Everyone's going to require a personal guarantee, especially at that LTV (loan to value). I don't think this could be done at the branch level either unfortunately.
PM'd you for more details.