Expert: Terrence Cullen - 3/9/2006

Question
I have a certain debt service amount that I can pay out each month to maintain an investment property as cash flowing, however to obtain this monthly payment level, it would require creativity on the lender's part.  How flexible or creative will a relatively entrepreneurial banker be?  Am I just wasting my time?

Answer
The simple answer is do an interest only loan. Another way is to decrease reserves. What interest rate are you paying currently? If you show me the financials I can show where the market interest rates are today.  Let me know if I can help.


Terry Cullen
CharterMac Mortgage Capital
Cullen Building
7625 Wisconsin Avenue
Bethesda, MD  20814
240-482-1900
(f) 240-482-1901
(c) 301-529-3273
www.chartermacmortgage.com