I decided to consider buying a house and renting it out. I went to my credit union today and she pulled up three reports...using a soft inquiry she says. My TU score is actually 608. My EX score is really 674. My EQ score is 698. She said they can give me up to $100,000 at 8% for 30 years, with $5000 down and then closing costs. Is this a good deal?
You should be in the high six or low sevens with any type of adjustable. Try getting an 80% an 10% second, you'll get a better deal.
