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Old 09-10-2007, 07:19 AM
Gracia Gracia is offline
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Join Date: Apr 2007
Posts: 23
Default Re: Mortgage Rate Rise Halts

I was considering buy a home/duplex and renting it out while i am in school. I can come up with a 10-15 % downpayment. But as I was searching I came across a 10 unit apartment building selling for 200k. To me it seems like I would be taking it big on buying my first property...but at the same time I would be adding about 2k extra income every month. Can you know what the average monthly mortgage rateis for a 200k with 15% down?

Thanks in advance !...
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